Extending Enduro Minimum Requirements.This financing just gives ENDR another year.
If there is a drill program of <2M(guess) it won't move the share price that much. 8-10M budget last year and 10K metres drilled and share price just dwindled.
None of the participants(7NDA) seemed to be involved in the .08cent financing for $3M.Find out in 2 weeks?
If at .08cents there is no value then the major must want more info on ENDR's coin.
Unless there is a drill assays that is mindblowing.ENDR will prop up this company doing the minimum drilling and dilutive financing until it becomes a reverse split situation and new management takes over.
The j/v or deal have been discussed since at least the start of 2023.
At this point,Endr is "broken"
A split of the burgundy and mclymont at this valuation gives .04cents to each.
An offer of .15cents for each seems likely at this point.
To confirm deposit estimated budget of $30M(mr.slack interview)
So,10years of $3million(low budget) a year brings ENDR to 2033
With odds of share price and financing at these valuation ENDURO will have 3/4Billion shares out.
The declining momentum with financings at lower and lower valuation is basically inescapable.