Most/nearly all smallcap stocks issue shares like Mad( it’s never nice to have dilution). Although they have assets in Pilbara; I’m a bit worried about all the mines they have absorbed into the company, in my opinion they can’t fund them all anytime soon.
De grey mining had 5m plus from novo in the Pilbara, so will wait and see. If they keep asking for money and become similar to Trl tanga resources; I’ll sell then, other then that I’m happy to seat and wait.
Ann: Update - ASX Enquiry, page-54
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