What the board wisely did was stop relying on raising small licks of cash from its shareholding base which meant the SP was always subject to the results of the drill bit and sensibly raised some cash from cornerstones like St Barbara and Hancock. This meant they have been able to plan larger drill programs and hence achieve more meaningful results. There is no way that our existing SP would be at this level without St Barbara and Hancock on the register which provides confidence in the market. Please name me one junior explorer that constantly relies on its shareholders to raise capital rather than looking for cornerstones?
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1 | 1870 | 2.250 |
1 | 5000 | 2.150 |
1 | 400 | 2.100 |
1 | 1000 | 2.070 |
Price($) | Vol. | No. |
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2.340 | 5476 | 2 |
2.370 | 8439 | 1 |
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