OVL running costs per quarter are around the $200 with the exploration expenses all being paid by Newcrest.
5m options just exercised for 1c for $50,000 with a further 59m options in the money and due by September, which should bring in $590,000.
Seeing the directors hold nearly 25% they will only do a raise when they have to, and not now, unless they need it for new projects. (I HOPE!!)
Standby for the Cash Raise Trading Halt?, page-3
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