RE: RNS - fill your boots.23 Mar 2026 19:17
Not sure I’ll bother with the offer, I just bought a couple of mill on the drop this morning instead, 0.10p more but I know what I’m getting, I’m sure the offer will be massively oversubscribed and I can’t tie up the capital just to get 20% of what I want.
CLN is now fully cleared and total dilution (CLN + WRAP) is only ~14%, which is very reasonable given the reset and funding.
Key point is use of funds:
They’re accelerating drilling at Sunbeam after visible gold at Roy, and now targeting Pettigrew using the same structural model. That’s how this shifts from a single hit to a potential system.
Everything comes down to follow up results now.
At ~£5m mcap, this is still very light if drilling active.
Funded, no debt, drilling active — exactly where you want it ahead of assays.