Not sure why we are still talking capital raisings, thought we covered that last time, we have more than $5M in the bank, on the home straight and almost up the funding and development stage for Wiluna. Plus all the Nickel drilling was paid for in the previous quarter going by the cashflow report. Still a solid 6 months at minimum away from any capital raise for exploration IMO (obviously funding for Wiluna mining will be a capital raise but at a grand scale!).
We have been through rock bottom the past few months imo. Management have performed terribly this year (silent and a lack of newsflow in a U bull market and missed our chance to re-rate like all our peers took advantage of) but now they have the opportunity to turn things around and get things back on track with more focus on U - as we saw in the latest announcement. They have finally woken up! Now get working!!!
With $5M, there is no reason why we can't continue to progress both Nickel and Uranium exploration and start to get some more price-sensitive announcements out to the market to boost our sentiment and volume, while final stages of Wiluna mining get ticked off in the background. I would be happy with a nice juicy announcement every fortnight, lately we were lucky to get one a month!
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