The dilution for holders is quite a bit, but someone big see's value here
$43M is more than their market cap, raised in a matter of days ...
Obviously harder for it to bag now, but as a L/T play, if they secure Panguna or get the MPSA at Mabilo, it will do the job. They are chasing two assets, either of which will put them in the ASX200 IMO
Ann: US$34M Raised in Oversubscribed Private Placement, page-8
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