Makes you wonder who is next? Our little neighbour just raised $2mill for REE exploration after a field trip last month to Mangaroon. They are yet to announce the results of their field trip... They already had $4.5mill in the bank but raised anyway - i suspect to the insiders who are very wealthy. The BOD have been involved in successful companies in the past, including selling UMC to BHP for a healthy profit years ago. VMC shares on issue are currently 160mill and MC currently $28mill. This is only one of many tenements which look promising IMO.
Food for thought:
Check out the maps:
The red circles are targets they have identified before their field trip. Their fault structures catch my eye but i'm no expert.
Please note, i am a holder of this mob and this is not investment advice, but i can dream can't I? I have been in DRE for 3 years or so and couldn't be more excited for what DRE have coming up.
General Discussion, page-687
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