a placement probably means the company is going to be fully funded through initial drill program and if they hit something sexy they can bring in more rigs quickly
trajectory of chart suggest (to me) that any good sniffs of gold will see the price at 80 cents plus
it is worthwhile reviewing the location of these leases to the nearby mines owned by Goldfields (~7 million ounces extracted from Lawlers/Agnew since 1987 - gross value ~$30 billion!)
Spartan to north about to be taken over at ~$2 billion
Bellevue valued around $1.5 billion
so this Thyacine address may soon be shaping up to be valued more like a Bondi beachfront apartment … current mkt cap. of ~$40 million gives holders massive further leverage to success
will be interesting to see if real professionals like Tim Goyder (MHK major shareholder) participates in this next raising
MHK Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)