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17/10/16
22:28
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Originally posted by Anton Chigurh
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Correct. $9M cash and fully funded for the two projects to JORC stage. Should see holes in the ground for both projects this year, so really seems to be a case of how far forward the market wants to frontrun the action and get set. Like I said though, two decent sized raises within a few months of each other and a good portion of the insto demand would have been via those CR. Not surprising to see a type of stand-off, until the action starts. Could go lower too, if Hartleys/Pershing put some large bids a couple of cents below and a larger holder takes the liquidity and runs.
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Well, you gave an awesome rundown above and really know it inside out. The Mitsubishi stake perked my interest too.
Will be keeping high on the watchlist AC.