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  1. nectar38
    2,622 Posts.
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    08/03/11
    10:00
    Post #: 8014187
    Yep its capital raising!

    They will use it to accelerate exploration in this Ashanti belt, which I suppose means short term loss for significant long term gain!

    Day Traders will get upset, but its for the best for the company to significantly increase its JORC Gold resource while the price of gold is $1440 per ounce!

    This will have amplified share price gains as they increase it to 2-5million ounce deposit.

    Cheers Nectar!
    SBL Price at posting: 3.9¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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