I agree Crom it does seem a little too hasty for another raise, surely they have not burned through all their cash from the last raise, I was hoping to top up a few more today and was quite surprised to see the TH.
Maybe the next 6 holes are not so good and they are looking to secure funds for their gold targets at a reasonable price?
Maybe the next 6 holes are bonanza grades and someone wants in? A poster here recently said how he spoke at length to the MD and was confident that there would be a resource upgrade at Kempfield, surley that would be a better time to raise. One thing is for sure they should have enough funds to deliver the final results from the latest drilling at Kempfield. Something is up with this raise IMHO and time will tell
ARD Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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