thanks Caromb
I agree that waiting for the resource would have given new investors a better understanding of the potential and possibly have led to a higher demand at 20% disc. As it is, I can't see $2.5m lasting very long, and not really enough for a decent drill program + corporate costs. After chewing through their $10m IPO cash in quick order, their strategy in the last 12mths has been small and multiple raises which doesn't give them the firepower to execute their exploration plans.
Ann: Trading Halt, page-7
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