They also stated that they have enough for the first 10000m of rpm drilling. This may take us into the later part of Q3 or early Q4 before they need funds.
By then LITM will be, all going well with drilling, back to ATH or around 15 to 20.
Doing a block trade for 1mill shares at 10% discount at 20 will see us with 18mill us in the bank and with still over 8mill shares of LITM.
This will be around 20 to 25mill aud, enough to last a few more quarters of drilling both rpm and Estelle. AIMO
General Chat, page-4492
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