93.2m SOI
.017 SP
=MC of $1.58m
Cash 35 plus SPP and Placement of 370 = $435k
EV $1.148 at current SP but outstanding director loan of $120k should be added I guess.
Hopefully they find another project as this could move well from such a low EV. Otherwise, at least a pump as Minoil said to restore the 50% damage done to SP on small volume since the raise. Tax time selling I would think.
Ann: Share placement, page-6
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