I doubt they would be going after that much but I certainly agree with the CR price of around 10 cents. Looking at the forward program of work planned for this year I was thinking 3-4 Million would be more likely??
Will be watching to see what the director participation in the issue will be as I agree with your comments regarding the pay of directors - would be nice to see some of that go into the equity raising.
From memory the day they announced the high grade results the VWAP was around the 19-20 cent mark so lots of people well underwater now.
With the uncertainty of funding issues to be hopefully removed with the CR, perhaps the focus can shift to the drilling commencing in late October.
IVR Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held
