Ann: Trading Halt, page-35

The simple fact remains this is the spec end of the market.
They are in the business of raising money.
We invest in spec miners because of the large potential upside upon discovery of what mineral they drill for.
I appreciate there are holders with a significant loss already.
To them it is rinse and repeat.
The market cap is $9 million.
It has 4 projects of which two are free carried, but unfortunately the copper and lithium projects are subject to C19 restrictions.
I hold because of the gold project in the LFB and the imminent drilling at the halloysite project.
From the company update, "Drill permits lodged for the Noombenberry Halloysite Kaolin project, WA"
I'm also in because of the very good risk / reward ratio. My average buy in, is 0.01 for 5 million.
At this market cap, there is minimal down side.
As shown in the chart there was a mountain of buying interest (demand) between 0.009 - 0.012.
From the recent hysteria among the small cap sector, I suspect this will run after the cap raising to at least $20 million valuation leading up to drilling.

Cheers Lute