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18:33
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Originally posted by chelkn
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I'd love to be corrected if I've mis-read this. But Juruena won't be in the picture until well into 2020 -- well a scoping study that is. In that on their timeline slide they show they'll be drilling throughout 2018 with a "multi-rig drilling program" in the 2nd half of 2018. Then the only future commitment is that they are "Targeting (a) Economic Resource" in the 1st half of 2020.
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This update made no mention of the Juruena drilling program announced as being about to commence in the 16th Jan announcement so I rang the company today. Apparently a small drilling program took place and presumably assays will arrive in the next few weeks. Also asked about the AIM listing and was told that is hoped to be achieved next month and that they are planning a series of roadshows in Europe. They hope to raise around $20M. Presumably this would be at some discount to current SP - perhaps 400M new shares at around 5c. That'd make about 3/4 billion shares on issue but at least there'd be sufficient capital available to push things ahead. Any thoughts?
