VKA 22.2% 1.1¢ viking mines limited

$5.5m cash + $3.8m due vs $7.5m market cap, page-19

  1. 8,601 Posts.
    lightbulb Created with Sketch. 102
    See normally a shell acquires something a needs to raise who has then means it's held back by sophs wanting to flip for a profit. Then a few months later need to raise again for drilling etc which again means more dilution. With vka though we can acquire ad advanced project then immediately start drilling all for no dilution. Any lithium or cobalt or gold Aquisition who have the cash to drill are $20m plus mc. Also with 70% of the register tied up then can move very easily.

    Either way there is a 35% rise here even without an Aquisition so that' not a bad worst case scenario lol
 
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