strangely the SP is rising on very light volume and on a rising POG despite the SPP and CR.
Market is predicting more great drill results and stable cashflows/production.
Looks to me that they dont need much cash at all as to drag the SPP out like this for such a paltry sum worth only 7-9 days of revenues in AUD$ terms at 70k ozpa x U$1288 = A$130Mpa revenues/365 = $356k revenue per day
this SPP is 7-9 days of revenues!
Get a grip of yourselves
This is a meaningless PR stunt mentioned at the AGM to keep their word to the oldie regulars, this has nothing to do with needing cash!
The share price is rising as cashflow & net cash position keeps building & assay results keep impressing.
If they announce Tallman is a 500k oz super high grade open pit deposit & the road and bridge are now building and to be completed in weeks, then,
TRY will FLY!
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