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My pick for the June comp.

I went back over some posts I've made here and this is turning into an unintentional comedy thread.
A comment from an experienced speculator elsewhere switched a light bulb on for me and I now think it's likely that a capital raising is approaching. Best hope is that positive results come in from the DD at Lake Goongarrie beforehand. But with the plummet in price in early May - from 0.20 to 0.125 in just over a week someone informed might be betting that drilling results wont precede the cap raise.

Our board is much too close to its main capital raiser, Peloton capital. Small shareholders remember the strange torturous grind down of the share price in the first Half of 2021 where the company was forced to raise capital in May 2021 through Peloton at a very low $0.08 with the insult of a free half attached option thrown in. They only raised $3m and I think that was before Peloton's fee.

So now its a year on and how much cash is left? I notice that in the recent Preso (May 23 2022) where at the front they do the usual 'Company Overview' they don't even mention their cash position - see screenshot thumb. Like an investor doesn't want to know the cash position of a junior explorer from a Preso - its one of the first things you want to know. Then there's the mere fact if doing a preso anyway - it's so often portends a cap raise.

[ATTACH]142336[/ATTACH]

<blockquote data-quote="finicky" data-source="post: 1178257" data-attributes="member: 2104">My pick for the June comp.I went back over some posts I&#039;ve made here and this is turning into an unintentional comedy thread.A comment from an experienced speculator elsewhere switched a light bulb on for me and I now think it&#039;s likely that a capital raising is approaching. Best hope is that positive results come in from the DD at Lake Goongarrie beforehand. But with the plummet in price in early May - from 0.20 to 0.125 in just over a week someone informed might be betting that drilling results wont precede the cap raise.Our board is much too close to its main capital raiser, Peloton capital. Small shareholders remember the strange torturous grind down of the share price in the first Half of 2021 where the company was forced to raise capital in May 2021 through Peloton at a very low $0.08 with the insult of a free half attached option thrown in. They only raised $3m and I think that was before Peloton&#039;s fee. So now its a year on and how much cash is left? I notice that in the recent Preso (May 23 2022) where at the front they do the usual &#039;Company Overview&#039; they don&#039;t even mention their cash position - see screenshot thumb. Like an investor doesn&#039;t want to know the cash position of a junior explorer from a Preso - its one of the first things you want to know. Then there&#039;s the mere fact if doing a preso anyway - it&#039;s so often portends a cap raise.[ATTACH]142336[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1178257, member: 2104"] My pick for the June comp. I went back over some posts I've made here and this is turning into an unintentional comedy thread. A comment from an experienced speculator elsewhere switched a light bulb on for me and I now think it's likely that a capital raising is approaching. Best hope is that positive results come in from the DD at Lake Goongarrie beforehand. But with the plummet in price in early May - from 0.20 to 0.125 in just over a week someone informed might be betting that drilling results wont precede the cap raise. Our board is much too close to its main capital raiser, Peloton capital. Small shareholders remember the strange torturous grind down of the share price in the first Half of 2021 where the company was forced to raise capital in May 2021 through Peloton at a very low $0.08 with the insult of a free half attached option thrown in. They only raised $3m and I think that was before Peloton's fee. So now its a year on and how much cash is left? I notice that in the recent Preso (May 23 2022) where at the front they do the usual 'Company Overview' they don't even mention their cash position - see screenshot thumb. Like an investor doesn't want to know the cash position of a junior explorer from a Preso - its one of the first things you want to know. Then there's the mere fact if doing a preso anyway - it's so often portends a cap raise. [ATTACH]142336[/ATTACH] [/QUOTE]

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