Hmm the Sirens’ song, got to stop even looking at cash burning companies in this climate.
Last close 0.28.
Company IPO’d at 0.25, raising $10m
Second raising by placement at 0.35 raised $4m, directors participated.
AGM preso 27 May says only $4m cash left
3 rigs drilling
Shares issued 96m, options/perf shrs 15m. I haven’t seen any options less than 0.25 ex price.
M.D owns 19.5% of the company.
Whats got my gambling neurones twitching is the Fosterville analogue. Reefton gold field (N.Z) and Fosterville (Vic) are parts of one terrane but were pulled apart when Gondwanaland disintegrated, or something like that. Past mining and contemporary drilling is showing striking similarities of rock type and mineralisation btw Alexander River prospect on the Reefton goldfield and Fosterville. Fosterville gets richer at deep levels not reached yet by SNG drilling.
Last close 0.28.
Company IPO’d at 0.25, raising $10m
Second raising by placement at 0.35 raised $4m, directors participated.
AGM preso 27 May says only $4m cash left
3 rigs drilling
Shares issued 96m, options/perf shrs 15m. I haven’t seen any options less than 0.25 ex price.
M.D owns 19.5% of the company.
Whats got my gambling neurones twitching is the Fosterville analogue. Reefton gold field (N.Z) and Fosterville (Vic) are parts of one terrane but were pulled apart when Gondwanaland disintegrated, or something like that. Past mining and contemporary drilling is showing striking similarities of rock type and mineralisation btw Alexander River prospect on the Reefton goldfield and Fosterville. Fosterville gets richer at deep levels not reached yet by SNG drilling.
Not Held
Best intersection, Alexander River:
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