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Johnyb888

1,471 Posts.

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24/09/21

09:43

Post #: 56315891
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Originally posted by happydad: ↑

There should not be any unexpcted capital raise, but if their drilling results turn out to be something special they would want to do a lot more drilling, for which they may raise money some time maybe mid/late next year IMO. BUT if they do it will be on the back of good early drill results and an appreciating shre price driven by the results and U fundamentals. They are not expected to drill again until January, and the full results of this campaign are still being analysed.
Exploration companies raising money to further exploration and sure up a resource is par for the course.
And after putting the nutter on ignore the thread reads just fine, try it.

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Man what a timing! But yes I agree they want to do a lot more drilling. They have a few years to get some good news out. I hope they will use the proceeds to continue the previously planned (and currently halted) drilling program.

92E Price at posting: 76.5¢ Sentiment: Buy Disclosure: Held
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