My personal view is they won't raise funds at this price level. Why did I come to that view?
a) The Management team has a large stake in this stock and they will not want to be diluted.
b) They still have enough cash to get through Targets 5 and 6 at McIntosh and even possibly a first drill programme in Korea. Given there drilling to date and Auger drill results there should be a good confidence level that this will be a positive influence on the stock.
This is my own personal view and not a recommendation or based on any hard facts. Do your own research.
My personal view is they won't raise funds at this price level....
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1.3¢ |
Change
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Mkt cap ! $6.667M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 100000 | 1 |
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