They were in real need of some cash in May due to their production plan .. SP was at 52 week low and Markets were subdued .. They had to give some incentive to 708 investors to participate in CR .. Hence Free options at 4.5 strike ..
I struggle to understand what difference does that make to their fundamentals ..
Recent CR may be the last CR they needed as they will be generating min of 16 mil cash ( worst case scenario ) in next 12 months .
IMO following expected news flow in next 3 to 6 months ..
1 ) Aisha drilling result .. Aisha JORC July /August /September
2 ) Macy Mining and Processing July /August
3 ) Macy 1st product Aug /Sep
4 ) Macy 1st shipment Sep /Oct
5 ) Aisha Scoping study Oct / Nov
6 ) Aisha commence mining Nov/Dec
Aisha Development to be funded by Macy Cash Flow .
It's a simple case of genuine re-rate .
Every single news above will be price sensitive and IMO will boost SP 30 to 50 % each time .
2 options
1 ) Take pennies of profit and move on
2 ) Serious Wealth Creation
DYOR
ALL IMO
SL1 Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
