With the company now down to 2 months worth of cash flow, the question has to be asked what price will the Cap raise be done at and at what level?
Lets run a closest to the flag competition.
Things to consider:
1. There is now 2 months worth of working capital to keep the lights on 2. The U play is now dead, with what looks like no chance of a spin off anytime soon 3. The Greenland project hasn't progressed in 12 months - unless you claim finding some core samples in a shed and on your boot and sending them to the lab as progress. 4. There is a large holder dumping stock 5. Come may there are 177m shares coming out of Escrow
I can't say how much they will raise, as I think they will struggle to do it, but i'm tipping $0.015
Put your tips in.
EPM Price at posting:
2.6¢ Sentiment: None Disclosure: Not 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)