Bridge Loan It seems to me that the Bridge loan from Sprott was planned to take them only through this new resource update, and not beyond. I wonder if the company knows that a potential buyer was looking for the update to come out, before pulling the trigger on a buyout.
Just seems odd that they do a capital raise that only buys them a few more months, unless they knew a buyout was coming in the near term.
Not a Crazy Resource update, but very solid nonetheless.
Because of the Low Capex and Geographical relation to several other Majors, I think Kimber is a steal at these levels.