The board and management won’t place shares with Newmont at this market cap and while existing significant shareholders are happy to chip in more of their millions. Newmont can buy on market if it wants in. This raise should be enough to extend the geophysics and hopefully demonstrate via drilling that this is a monster deposit rivaling the 2km long Tier 1 Cadia East deposit. We have gold emerging everywhere across multiple mineralisation settings. This story is only just starting. The board can recommend we sell to Newmont once we firm it up as a multimillion ounce deposit.
Ann: Trading Halt, page-6
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