I dont know too many exploration companies ( we dont produce much gold at present) that would turn down the opportunity to raise an additional $26m. Cash is king for exploration companies plus we will have ongoing costs to support the lithium JV. Very happy to cop some dilution and have sufficient funds to do what is required to upgrade and maintain our existing infrastructure at Morilla in particular. Think of the extra drilling we can do with this cash to underpin our existing but limited gold resource.
Chrs W2
Chrs W2
FFX Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
