You are welcome to your opinion, but I find it interesting that you imply they have not already had exploration success. Have you been following the results throughout 2018?
They have most likely already found two new oxide pits which could even be brought into the mine plan within 12 months. As for where the money goes, I agree to a point, but then, that is why the raised the extra cash, they need it as a buffer in case operations continue to not meet expectations or issues arise.
Hopefully the company will continue to regularly inform the market of its progress with operations to enable shareholders and investors to make judgement on facts.
You are welcome to your opinion, but I find it interesting that...
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Last
$1.24 |
Change
-0.125(9.16%) |
Mkt cap ! $1.372B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.38 | $1.24 | $9.907M | 7.703M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42348 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 109996 | 2 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |