Hard to tell specifically where the interest was coming from. Back to back announcements.
First a mild Placement to satisfy exploration activities with minimal dilution to shareholders.
Then a big leap forward with gold production ann. with no dilution or funding requirements for EXC, while retaining all exploration rights. Next, granting of EP to progress lithium. Next CR for "material" something. Don't think it's just taking up the option for Goolyella as they still have 3 months or more.
Possibly something brand new which compliments their existing portfolio.
If my theory of .10 cents was correct, Management would know it, in which case why raise now. Maybe I'm dreaming. They have already shown they are super protective of the registry and unnecessary dilution. I'm guessing its been a work in progress for some time and pricing was predetermined on prices at that time. Maybe now that there is a shift in sentiment and price looks like it could go higher, it was best to shake hands and deal, so the differential isn't so severe as it could be in a month. All theories. All will be revealed on Wednesday at this stage.
EXC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
