Bit of a rock and a hard place for the management team
Last raise was at 0.08c
Gonna be hard to sell the next one at even 0.06c
They will need to offer at least at 20% discount to the 5 day VWap
Hence the prop shares at the mid 0.05s,with no immediate news for the placement holders to sell into it now becomes a waiting game
Top 20 including management hold 70% approximately !
Watching and waiting
Gltah
Ann: Two large gold-copper systems identified at Leichhardt Creek, page-27
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