$1.858 mill raised through Directors, management and professional investors, bringing the total raised to $3.321 million, exceeding the $2 mill required by Trailstone as a pre-condition to funding. Gold price at AUD$1310, ticks another box. Presuming other undisclosed administrative conditions are met, the acquisition of Wonawinta is completed today, so another announcement should be imminent. David Sproule's commitment (an additional $1.2 mill) is a healthy indicator.
SXG Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held