In simple terms12 Sep 2022 20:43
So let’s look at it this way, we are issuing another say 500000000 shares approx one third of current shares in issue , ignoring the outstanding warrants recently issued . I was estimating a 10 p value with one successful drill . Now 7p to 8p with the dilution.That totally ignores the cash raise and additional licensing values or attributes very little to the 17 million raised .
Still worth the gamble up to a solid 5p even now .
I will take up maximum allocation at 3.5p.
Just my thoughts .