I feel the following is coming in any order in the next 1 month
- Results on the remaining holes - refer to below pictures of grade estimates from 04/09/23 (Few look okay, rest lower grade / nothing to look at)
- Sampling results on Laverton
- Capital Raise (Placement and or Rights Issue) - let's say 4c which likely won't happen. To do anything meaningful, they need $2m. That's 50m shares or 50% dilution. This market is soft, discount will be the only way.
Then what's next?
- Pomme JORC in a couple of months
- Drilling plans take a couple months to organise. Snow season in Canada is difficult and expensive to drill.
There doesn't seem to be a plan released which means not much coming for 3 months?
Things will quieten down over here for a couple of months, so the next announcements will always get dumped into or raised into.
I'd be more comfortable knowing the raise is done and out of the way.
Else it's going to be quiet here from lack of cash available to spend on value-accretive activities.
