quarterly and jorc update, page-18

Nice call Aksier, must admit I am a little surprised given the imminent resource upgrade. It seems a bit of a waste to have done the raising now instead of soon after the update (and assumed SP increase). Perhaps the resource upgrade won't be as large as share holders are expecting...

However, it is a small placement, only around 7% dilution and the pricing is not too bad although have to wonder whether the sale of 535 shares at 8.5c ($45 worth) today might have been to ease holders minds that it is within the range it traded at today lol

I would not be surprised to see the SP trade down around the 8.5-9c mark next week, although think any holders selling this price will soon be kicking themselves, especially with the price of Silver once gain knocking on the door of AUD$20+.