Thanks for sharing that Corker.
What an interesting reply. IMO hints of thoughts closing early (must be being well taken up) but want to leave it open in a "sense of fairness."
Often these correspondence can be a little understated so as not to give away market sensitive information, as such, saying "we are very pleased with the support of shareholders", another hint that they may be well up near or past what they had hoped to raise.
I've taken up my entitlement and am happy to pay a little more that if i'd gotten lucky like JPMG to score some at 7.9c on market. I see this as in a investment in the company which will reap greater rewards by their ability to carry out drilling, surveying and JORC work without the need to raise funds again any time soon.
While I can't wait for those deep drills to get spinning, another catalyst for a re-rate may come from the Maiden JORC for Stricklands that is currently underway. Investors love to be able to work out our what possible future cash flow may look like and the Maiden JORC is the first serious starting place.
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