KRR 10.0% 0.9¢ king river resources limited

one of the worlds largest Vanadium deposits sub $5m Mkt Cap, page-11

  1. 5,802 Posts.
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    Wise One,

    Just to set the record straight I spoke with the company yesterday and was told that there were no plans for any further capital raising this side of September unless of course the assays came back with Bonanza Grades or we happen to see the share price substantially higher because of other factors then where we currently sit.
    The money that was recently raised is sufficient for the company to do the drilling that the company has already announced to the market which will be done in the current quarter.
    The drilling has all been budgeted for, so no more money is required....

    Those are the FACTS.

    With all respect, to suggest that they will be raising more money on Monday is just misleading. My best advice would be before making such claims is to get the correct information directly from management.

    So if you are expecting another raising any time soon you will be disappointed.

    Cheers.
 
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