There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.
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Last
7.6¢ |
Change
-0.002(2.56%) |
Mkt cap ! $107.7M |
Open | High | Low | Value | Volume |
7.8¢ | 8.0¢ | 7.6¢ | $94.30K | 1.212M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 159858 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 44897 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 159858 | 0.076 |
3 | 120949 | 0.075 |
3 | 277202 | 0.074 |
5 | 425000 | 0.073 |
1 | 27000 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 44897 | 1 |
0.079 | 242433 | 1 |
0.080 | 47037 | 3 |
0.081 | 343873 | 1 |
0.082 | 205965 | 2 |
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