Sent an email to Zamia asking if the company had enough cash on hand for an extended drilling program to further define the resource or can shareholders expect a cap rasing sometime before the end of the year.
Got a reply today as follows:
As you point out, we are currently planning a further drilling program. To fund this there is no intention to have a further general capital raising with shareholders this year. We are, however, presently pursuing other capital raising initiatives to continue to expand and enhance the Anthony discovery.
ZGM Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
