Nice!
Can be read several ways.
Completion of Substantial acquisition and CR, or
Completion of Substantial acquisition AND CR - being two different elements.
Given cash at bank, the (substantial) acquisition is more than likely performance based buy in. Low outlay with exploration required over time, earning % and payment of royalties on production - like we have with Terrativa at Salobo.
This would require a CR, to further fund the requirements of the acquisition. This CR will also fund drilling SW..
IMO I'm guessing a local acquisition that will see us have year round exploration and not hindered by Brazil wet seasons..
Focus shifted from IO to IOCG at the right time - maybe a shift to Li??
Either way it appears the MC is about to add up to 50% to current levels I would think.. Sell orders being pulled and lifted up the queue - always a good sign
Given a few red days, plenty of ppl will be looking to get on anything with a positive price sensitive ANN come Friday..
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Last
51.0¢ |
Change
0.020(4.08%) |
Mkt cap ! $253.3M |
Open | High | Low | Value | Volume |
48.0¢ | 51.0¢ | 48.0¢ | $93.15K | 189.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 99946 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.490 |
1 | 2062 | 0.485 |
2 | 81901 | 0.480 |
2 | 106351 | 0.470 |
1 | 4850 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 99946 | 1 |
0.525 | 46240 | 2 |
0.530 | 17000 | 2 |
0.540 | 62250 | 3 |
0.545 | 7843 | 2 |
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