Lads, lets all start picking out the Sun Seekers we will be driving around the harbour.
The only reason this stock is 15c+ is because it has been run by a small broking firm and hasn't been marketed properly... Until now! Argonaut coming in as lead manager, 4 day roadshow this week and then major cornerstone and Creasy coming into initial raise.
They raise enough to pay for the option and then what ever is left of the $35m they will be raising at a significantly greater price as to not to dilute it to much.
With the working capital they drill the F*C$ out of the rest of the tenement and they probably find a couple of more elephants
MYL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held