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I concur with you; exploration companies need fund and this...

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sharerookie

593 Posts.

73

05/02/24

10:38

Post #: 72237068
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Originally posted by JandJ: ↑

Cash is the life blood of an exploration company - over the years we have seen a number of raises (don't tell me, I know) - and we need this one.

What have we got for all those raises? - sadly not a near term productive prospect, but we DO have a number of very positive exploration projects.
In order according to my limited knowledge, and the needs of the expanding global economies --

1. Phosphate at Frewena.
2. Godknows at JE.
3. Lithium, possibly niobium at West Arunta.
4. Potential for sale/major JV in Peru.
5. Hail Mary drilling for IOCG/porphyry at Frewena.

6. We are in good hands with Adam at the wheel.

I will be supporting - how much depends on my other little buddies which will give up some of their breath for this oxygen thief !!!! lol.

Now, for your future wealth, read what Charlie Munger has to say about compounding your investments.

https://unauthorised investment advice/experts/taking-the-profit-on-pro-medicus-nice-one-you-just-broke-the-1st-r-ule-of-compounding-growth/

I dont give advice, but I do speak in support of my holdings. So DYOR.

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I concur with you; exploration companies need fund and this raise should enable us to continue with the business. I will be participating in this raise, even if to lower my average buy price. Management team has skin in the game and this gives me confidence in my investment.

ICG Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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