I suspect you will be waiting a few drill results and higher prices before there is any need to raise capital . conservatively they have until jan at least before they need capital . they have 50 drills awaiting assay results and by the time they come out another 50 results would be pending due to the current drilling program .
plus my thoughts on the way this M&A is hotting up in the lithium Pilbara region . a CR will likely get put away to a cornerstone with minor discount to whatever the price is at that time , which means no retail or broker access
I had someone talk to me about CR back in the 40s . I said the same thing above to them , they missed the boat by waiting . I guess people have to think what could be the coming drill results in the market and what clarity does that provide to the size of the deposit and how that can flow thru to it's mrkt cap
you have seen Monday drill results supports just how off the mark , amateur geos , posters and podcasters were on its assessment . great to see some more astute investors have a far more expert analysis in the deposit . well done to those
generational wealth can be made in some resource plays ,well done to AZS long term holders, far more than the typical trading for pips play most are use to. pips are great for income but not for retirement and your kids future . the beauty of markets
WC8 Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
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