Think overall potential of drilling results and Bunawan approval/drilling will see a higher share price. A capital raising maybe becessary in future after further drilling results. Think news flow regarding results and applications is likely to happen in next couple of months if not very soon.
However to date SRM management have secured deals like the one below so necessity for funding is reduced or eliminated. perhaps a similar deal will be struck for BVunawan in the future? A possibility with SRm mangement style.
The Company reached agreement with Galeo Equipment and Mining Co, Inc to earn a
36% interest in the Mabilo and Nalesbitan projects by providing drilling and management
services totaling US$4.25m over the next 2 years. Shareholders approved the
Agreement after
Think overall potential of drilling results and Bunawan...
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