This is what exploration companies do. Raise capital to explore.
Raising at these levels puts confidence in the management and the underlying asset, to further drill and develop it, and will now be done in timely fashion.
I just spoke to Glen, I must admit i was quite surprised.
But that's the game we are in.
Smart move really when you think about it.
I don't have the term sheet.
No Glen didn't give me any indication of the terms.
This is what exploration companies do. Raise capital to explore....
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29.5¢ |
Change
-0.020(6.35%) |
Mkt cap ! $70.11M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 9 | 146368 | 29.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 56499 | 2 |
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| AGC (ASX) Chart |