today ?, page-9

IMO it was a bit cheeky in announcing the Trading Halt for drill results and not an SPP which is one bad "strike" as far as I'm concerned.

However, they're still a very small company sitting on potentially a lot of gold in a gold positive environment.

Since I'm in at 1.5c I'm happy to sit through the SPP and know that they are funded at least for the immediate future and drilling. Also they will only have 250m shares on issue after the SPP.

Any further positive news from the drill bit should send this one up higher. And judging by the samples last week, I'd be a bit surprised if nothing showed up.

Also it's kinda smart to do a cap raising now while the markets are up amid so much underlying economic uncertainty.

Also I noticed Commsec has book value at 2c... probably doesn't much but I suspect these guys are pretty undervalued for what they are.