Plus plenty of non-gold assets on balance sheet I expect them to realise cash from like we saw with the oil asset the other day, as they now become a focused Western Australia gold miner
Nobody paid 1.5p, they used some questionable maths to give that number, look at number of warrants issued at 1p - holders of those make 40% gain at 1.4p.
Plus fact they've sold the oil assets gives more cash, removes outstanding debt - and best part is means company has now become a pure play gold miner.
Add in the location and that's exactly what you want to be in right now.
Impressive how quickly they got this funding in place quickly. Cash in bank gives certainty moving forward we didn't have that yesterday, agree with realistic short term target of 0.5p.
Permission for mega dilution granted21 Aug 2025 10:48
What absolute morons voted in GM yesterday to give them permissions to dilute to this extent?
Company could not have been clearer: "Company is seeking shareholder approval to significantly increase the Directorsβ authorities to issue Ordinary Shares, enabling a material fundraising round"