$5.975 eom Sep - est $1.8m outflow = $4.175 at eom dec - $1.8m outflow (assuming same opex) = $2.375m in March. Running on fumes at this point
Company would be nuts to drag it out til the Oposura JORC. By that point trepidation about the raise would reach fever pitch, smothering any possible share price appreciation
Nope. Company really needs to raise next week, or late Jan/early Feb at the absolute latest. Earlier the better imo.
I’m sure Tony has this in mind btw. He may be a great explorer. He may (or may not) be an OK MD. But without a doubt he’s a maestro at tapping market for capital
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