Agree. It holds potential. However I note that in the 8 November ASX release for the 80% acquisition of the Croydon Top Camp gold project from the Creasy Group an equity raise was a condition precedent - specified as $6m by no later than 7 Feb 2018. I think this means an equity raise is imminent. If this is pro-rata to all holders and taken up by Creasy Group (72% of current equity on issue), I think it's a good thing - but not sure if it will put (probably short term) downward pressure on the share price.
watching czr with interest, page-29
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24.0¢ |
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