You need minimum 18 months funding. 2 years preferably. That's likely $20m for Maronan at a bare minimum to achieve anything constructive.
On a sub $30m mkt cap co - which was the case for most of past 10 years - the dilution + control risks of such a raise make a spin out an understandable course.
So it's all on the metal pricing driving appetite for progressing the project.
I do think sovereign risk is going to become a major issue in next few years re gold/silver - and that may increasingly assist
You need minimum 18 months funding. 2 years preferably. That's...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $46.42M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.8¢ | $14.65K | 96.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 56333 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 44838 | 1 |
View Market Depth
| Last trade - 15.32pm 28/06/2024 (20 minute delay) ? |
| RDM (ASX) Chart |