Perhaps there is some hint in answer 8.2.2 of the quarterly
The Company is monitoring the situation closely and subject to the timing of receipt of funds from GPR (as mentioned in answer to Question 1 above), the company may choose to conduct a capital raising if needed. If raising additional capital is required and as part of the Company’s responsibility and normal course of business to ensure access to different sources of funding, the Company maintains relationships with potential parties. The Company has a history of successfully undertaking capital raisings during the last 15 years and with a supportive shareholder base, we consider it likely that the Company would be successful in raising further funds if and when required.
So there is a situation to be monitored. The timing of receipt of funds would have some clause in the heads of agreement if GPR defaults. Not much can be said without reading the H of A. A default may allow for an extension but there are no ceding of rights (%) to the three tenements until GPR meets its financial obligations completely. With $1M due on 25/7, would there be a need to halt trading on the 26/7 if that was paid? GPR are said to have met its commitments up to that point but there have been other trading halts in relation to payment schedules for GPR where the schedules have been amended. Could be looking at another amended schedule to the earn in.
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Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $133.1M |
Open | High | Low | Value | Volume |
6.1¢ | 6.1¢ | 5.8¢ | $14.87K | 247.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 935406 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 1039682 | 4 |
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No. | Vol. | Price($) |
---|---|---|
3 | 935406 | 0.058 |
2 | 237719 | 0.057 |
2 | 223297 | 0.056 |
3 | 297605 | 0.055 |
1 | 3650 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 1039682 | 4 |
0.062 | 785000 | 4 |
0.063 | 314723 | 2 |
0.064 | 250000 | 1 |
0.065 | 239000 | 3 |
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CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
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