I can’t imagine they’ve already blasted through the1.7m raised in January in the entitlement issue. They had some outstandings with a company connected to a director but apart from that they haven’t done a lot. The small amount of drilling has been funded by state govt grants. So where’s it gone guys? Acquisition so good they had to stump up premium? If so the latest raise should be covered by the pros - the timing suggests this scenario. Or in typical shitco style there’s an unwelcome bending over with a heavy shafting possible. I’m hoping for some rich ground in some far off banana republic for some colour.
TKL Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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