Yeah, was wondering about "significant" myself. Hope it doesnt mean other snouts in the trough at the expense of the existing holders. One thing we shouldnt expect is any significant news before the placement is ratified. It might prove difficult to argue a 16c and 20c placement is in the shareholders best interests if the current price is 35c (unless any news is just sold into). I am wondering if they might let Jampang go. Seems a bit expensive considering the general low grades, the fact the processing plant has produced zilch so far and the physical shape of the deposits (long and narrow = big strip ratios). Missing part of the puzzle is the size and grade of the supergene.
AUK Price at posting:
20.0¢ Sentiment: None Disclosure: Held