definitely common practice, I do wonder though in this current market if there would be a heap of better opportunities at this time that would lead people to want the cash. IMHO it may consolidate slightly where we are whilst any shares that are sold to freehold options get absorbed and usual market activity takes place. I do think it would be a smaller % sold into market than in a usual raise given the near term production of gold and how de risked the project is now. if the timeline of production in July is correct and we are currently processing stockpiles then in the very near future vtx will be self funded to further explore what could be DYOR a massive resource whilst generating cash flow. one thing people need to remember is once this is fully in production every time we strike something good its going to mean a hell of a lot more for the SP than a company that does it and has no plans for production.
VTX Price at posting:
29.5¢ Sentiment: None Disclosure: Held
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