Joining the dots, there had to be a reason to go after $12m in the capital raising. It'd be hard to think if they got it all they'd say thanks guys we'll start bulk sampling and now we've got working capital for the next 5 years to sit on our hands...
I'll bet there was a whole bunch of extra things they could have done and now they know what $$ they have to work with they can pick the most appropriate project. In addition to bulk sampling of course.
To get it straight - the shares stated in the last 3b is what there is for now. So unless they announce another CR/placement/options exercised then that is what we've got to scrap over?
How long till the market wakes up and realizes were trading for not much more than the cash in the bank? NZX started moving yesterday, ASX today?
USD gold strong overnight too.
Add to My Watchlist
What is My Watchlist?