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Ann: Trading Halt, page-93

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JDragon

3,923 Posts.

238

21/02/24

10:51

Post #: 72511861
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Originally posted by Synergy12: ↑

Will do. The only reason it would make sense is for the drill program that is planned to be in excess of 10 million. Logically it would make sense to raise later after the drill campaign has increased the sp. It seems like they have Canadian friends who already know the project has been earmarked. Anyway my background is Project Management so I will ask the relevant questions. When will they start drilling? Whats the expected expenditure and what are the relevant timelines moving into the production stage. Simple things that should have been adressed in this announcement so it doesn't feel so out of leftfield.

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Exactly... I dont see issue on raise through flow-through share... it is win-win.
simple math 83mil for $A3.5mil which is 4.2c or you can say $C3.1mil for 83mil shares.

The bottom line here what they intend to use the money for.
Hopefully some decent drilling short term.

MLS Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $15.56M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$2.864K	130.1K

Buyers (Bids)

No.	Vol.	Price($)
7	680738	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	240418	4

View Market Depth

No.	Vol.	Price($)
7	680738	0.021
7	1455000	0.020
5	2973853	0.019
2	520000	0.018
2	353131	0.017

Price($)	Vol.	No.
0.023	240418	4
0.024	112093	2
0.025	739391	7
0.027	45521	2
0.028	500000	1

Last trade - 12.06pm 11/06/2024 (20 minute delay)

MLS (ASX) Chart