The cap raise closed yesterday. Wonder when TYX will make an announcement on how much they got. Would have been a pretty poor decision to have chipped in cash at 2c if the stock has been available at below 2c in the last couple of weeks.
If they've started drilling and don't receive cash from the barge sale or the $300k cap raise then the $300k raised from "sophisticated" investors wont go far. The pressure is on!
Keep an eye out for some "good news" drill results. The plan will undoubtedly be to drill some areas with known mineralisation first to score some hits off which to build some excitement for further attempts at cash raises. Just be very watchful and be clear to analyse such information to distinguish between significant new intercepts vs simply drilling next to known grades. These are desperate times so management are sure to use every trick in the book to try and stay afloat.
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