I very much doubt they will raise more than $1.5 -2 million next time .In past presentations they have shown an intention to raise as needed and to limit dilution by raising at higher levels as the project advances .
They have estimated spending for this quarter at $1 mill and with $1.2 available only a small raising is required ,and its not urgent anyway .
Everythings up in the air as we dont have assay results yet so maybe on the back of good results they might issue say 15 million new shares of the new 50 million capacity,,who knows.
Almost 700 million shares traded post announcement so maybe another 3 days of churn by the traders as they move on or a step up on results ,,exciting stock to hold ...
I think i will buy more today before results are through
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11 | 4221110 | 0.005 |
8 | 2487620 | 0.004 |
4 | 2766780 | 0.003 |
1 | 700000 | 0.002 |
Price($) | Vol. | No. |
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0.008 | 950160 | 3 |
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