Well here it is as i see it. Great projects. Raised capital when others could not.
But they have torched their professional investors in the cap raising so they will be hard pressed to go back for more. Got a serious cash burn on drilling because they a spreading it over 2 to 3 projects and numerous targets. They got a truck load of shares on issue so its needing a recon. Their best bet will be to recon the stock and give existing shareholders a rights entitlement. Gets more cash.
They need to tell shareholders when the nickel project is starting production.
Am I wrong. If the answer is yes then I ask you to take a look at the share price capitulation.
Jack of all trades, page-6
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15.5¢ |
Change
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Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 7 | 476755 | 15.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 130418 | 3 |
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