So according to the last few announcements...
$3million cash listed in 28 June presentation,
$1 million exercise of options in 11 July announcement, and
$9.7million from todays capital raising
This will cover the...
$4 million due 24 August, and
$2 million due 30 October to give us 70% ownership of Gullewa
Not sure on the timelines for the remaining $4million to acquire the remaining 30% but enough in the slush fund to do so.
In theory this cap raise gives us enough cash for 100% ownership with around $3million to progress drilling and other studies (minus any costs since 28 June). Alternatively it gives us 70% ownership come the end of October and around $7million for drilling and studies - with the remaining 30% to be acquired from other funding when actually required
Seems significantly derisked (at least from a working cash perspective) and I am hopeful the share price will reflect this soon
- Forums
- ASX - By Stock
- approx $13million in the kitty?
So according to the last few announcements...$3million cash...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYG (ASX) to my watchlist
(20min delay)
|
|||||
Last
82.0¢ |
Change
-0.010(1.20%) |
Mkt cap ! $75.00M |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 81.0¢ | $5.174K | 6.313K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8700 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 6592 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8700 | 0.790 |
1 | 3000 | 0.775 |
1 | 1310 | 0.760 |
3 | 6915 | 0.750 |
1 | 25000 | 0.745 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 6592 | 2 |
0.820 | 8687 | 2 |
0.830 | 15839 | 1 |
0.850 | 5058 | 1 |
1.035 | 43674 | 1 |
Last trade - 10.33am 08/08/2024 (20 minute delay) ? |
Featured News
MYG (ASX) Chart |