Radio A, couldn't find the part about the 3 month expiry, but interesting nonetheless. This combined with their casual mention of the maiden resource statement in the investor update of February 7 as "NI43-101" (the TSX standard), rather then "JORC" (the ASX standard) must make one conjecture: - a capital raising is planned; - at a higher issue price than currently pertains; - that this issue could take place on the TSX;
If it's true, then there needs to be a catalyst for the share price to improve - the JORC/NI43-101. I'm with Denpal and Anatol, that the statement could exceed expectations. That would provide management with the trigger to make the new issue for minimum dilution.
K2P Price at posting:
$1.91 Sentiment: LT Buy Disclosure: Held