agreed! Frustrating and disappointing but patience is required. Rewards will follow.
looking at the cash flow statement for the June quarter it shows cash at $3.9 million and expenses at $1.6 million…so this is a busy quarter and I would expect the cash to be down to $2.3 million or less. Money will need to be raised. I believe that on the back of a successful drilling campaign at either or both projects money will be raised at a far higher price than the last raise at 5.7 cents and a one for two free option. Possibly 10+ cents or more.
copper is possibly the key to a healthy CR. Anything less than a 5.7 cents raise would be seen by the market as extremely disappointing and I don’t think it will happen.Money is easy to raise at this moment but it could change and the best time to raise money is from a position of strength.
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Last
9.2¢ |
Change
-0.008(8.00%) |
Mkt cap ! $217.6M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.1¢ | $539.8K | 5.649M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9051 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 11052 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5731 | 0.092 |
11 | 242001 | 0.091 |
13 | 389203 | 0.090 |
2 | 21240 | 0.089 |
2 | 220000 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 83803 | 4 |
0.094 | 19876 | 2 |
0.095 | 10400 | 1 |
0.096 | 100000 | 1 |
0.097 | 70000 | 1 |
Last trade - 15.59pm 17/09/2024 (20 minute delay) ? |
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