Given the SP performance after the last raise, I’m pleased to see Euroz managing the process again (as Ammbush says). It wasn't at a discount last time and I hope for the same this time. It was .8 bid .9 offer on yesterday’s close so hopefully .8 worse case? $2M at EOFY and I think they were still drilling so costs to come out of that and it’s the end of August now. They need cash on hand to keep things moving and would be smart not to run the cash balance too low as the market would start to smell blood.
I'm satisfied we are raising this next portion of funding at current levels rather than the .6c last time - management are yet to fail us and I'll be sleeping tight tonight knowing the MRE update and optimised PFS aren’t far away and they’ll hopefully have a decent cash position when they are announced so no excuses for the SP to not sky rocket!
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Given the SP performance after the last raise, I’m pleased to...
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