Prudent decision by management to raise funds ahead of the drilling campaign in my opinion. Still have approx. $3m in the bank but in this market it would be silly to run the kitty down too low and raise when desperate.
Good to be able to raise funds at the moment too. Lets hope it's minimal dilution and at a reasonable price. Anything around 20c would be very positive - hopefully not too much lower if at all.
Regards
Doyle
Ann: Trading Halt , page-2
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Mkt cap ! $34.20M | |||
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