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3.9¢ horizon minerals limited

Menzies Goldfield / JV Potential, page-13

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868 Posts.

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01/02/18

19:34

Post #: 30750019
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Originally posted by Sharetrader78 ↑

Looking good for EGS to come back from the dead just in time to keep their J/V commitments >>>>

>>From EGS ann today
HIGHLIGHTS ➢ EGS has signed a subscription agreement with Hawke’s Point Holdings L.P. for a subscription of $17.5 million, as part of a wider placement to raise a total of approximately $30.6 million ➢ EGS proposes to raise a further $7.18 million by way of a nonrenounceable rights issue to existing shareholders (including Hawke’s Point) ➢ Tranche 1 settled to raise $13.07 million ➢ Funds raised will allow for payment of trade creditors, additional exploration, ongoing resource development and feasibility studies in relation to the Company’s Mt Ida and Menzies Projects, as well as providing general working capital for the gold operations at Davyhurst

Then of course to toll treat our Goongarrie ore =8mill+

Should well have two Toll treatment operations ongoing soon enough ...talk about sweet cashflow's

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And this from their Exploration section in their Quarterly Report

"The Company is currently planning drill programmes at Menzies as part of the EGS/Intermin Joint Venture. The Company expects to drill test these opportunities in the next quarter."

IRC Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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