Should find out tomorrow or Monday how successful the SPP has been. As I said previously I don't expect it will raise anywhere near the $5m plus maximum limit. Given the total number of share holders and current sentiment, $1.5m would seem to be as good as it gets judging by other juniors with similar SPP capital raisings. The time extension and appealing letter to shareholders sent on the 1st of August indicated disappointment at what had come in by the end of July.
With only a million plus in the bank at the end of June this cash from the SPP is important for working capital and keeping up exploration efforts (when the weather improves).
Should find out tomorrow or Monday how successful the SPP has...
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