re: Ann: Quarterly Activities Report and Appe... Cap raising last year took 6 months to complete, and price went from 3.2 to finally settle at a 31% discount of 2.2c as was warned by a few here.
Funds raising is getting to a crucial point with insufficient funds to complete this quarter. There has not been any confirmation of resource or minerology or other progress other than dilution to suggest it will be easy.
This will keep prices suppressed during the uncertainty. Then it is a matter of the terms of any deal, and more dilutionary effect.
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Ann: Quarterly Activities Report and Appendix 5B , page-19
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