RE: PLACING?11 Aug 2021 15:31
I think we have to be grown up enough to acknowledge that a placing is not out of the question. All of the warrants have near enough been taken up now, and there is a drilling campaign about to be extended in scope.
Yes we may well have enough cash for the foreseeable - but who wants a bargain priced placing when the coffers are almost empty.
So is a placing inevitable - NO, of course not, but neither is it impossible.
I would have hoped that any cash raise would have taken place when the share price was higher, and therefore I think a placing now would be mistimed, and maybe there will be an asset sale to fud further developments.
That said, it is not very mature to discount the possibility.
I want a higher share price and I do not want a placing.