The 'July investor update' has confirmed "Proposed capital raising: intended to provide working capital for the Company to focus on bringing Kanmantoo to steady state positive cash flow position".
"Initiatives to improve operations and economics, including programs for crusher replacement and mine-life extension".
The goal is sound, but the timing of the raising is very very bad. Why don't you do it a few months ago?
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3 | 764726 | 0.066 |
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6 | 2380440 | 0.064 |
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Price($) | Vol. | No. |
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0.070 | 347377 | 2 |
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