Closing price - 4.7c (when initially posted last week). Market cap - $12m Shares on issue - 168.5m Cash at bank - circa $4m (post raise).
Recently placed $2.55m at 5c to sophs and they have been underwater for the last month with minimal distribution taking place. They have been waiting for upside as have I. It comes now. Approvals now granted to drill highly prospective Gold grounds with historically sound hits at Myrtleford. A number of other projects also within their suite of tenement holdings.
Expecting newsflow ahead and a likely greater move to help the Soph's gain on their investment. Upside here....
