BD raise rumours20 Jul 2023 14:33
Luca/Snip, no point arguing about it as there is no imminent raise.
We have progress on Lolworth and the BOD obviously has confidence in the resource there with 1400 samples results due soon.
Progress at Hurricane with defined Tornado prospect on Lidar 200 meters long and 3-20 meters wide with further rock sampling, access being cleared for the rig and drilling to commence in September.
So plenty of upside in the near future and if a placement comes it will be at levels well north of here and BOD will delay any thoughts of a raise until there is increased confidence in the resource and as Snip says, at that point the raise would be adding great value and accelerate the realisation of further value.