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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7.8¢ |
Change
0.002(2.63%) |
Mkt cap ! $107.7M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.8¢ | $10.75K | 137.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 89898 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 750000 | 0.077 |
4 | 76134 | 0.076 |
2 | 20949 | 0.075 |
3 | 192102 | 0.074 |
4 | 330000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 89898 | 1 |
0.078 | 37760 | 1 |
0.080 | 172037 | 4 |
0.081 | 343873 | 1 |
0.083 | 306895 | 2 |
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