They have $3-4m cash to drill and production costs so I think it will be to buy a known ore body that can be processed straight away with the new plant. My first thought however was has a large company decided to chuck money their way for a stake in the company for future expansion without having to do any of the work? Interesting times ahead....
Ann: Trading Halt, page-55
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Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $7.384K | 321.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2160895 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1524447 | 3 |
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