More moneyIn the last MD&A, we can see that since last November, CRE got 12 million dollars for cashed in warrants.
The only warrants outstanding left are the 2.50$ ones ( 8.5 million units worth 21 million dollars)
End of February we still had 33.5 million cash in the bank.
Also in the MD&A we can read that there was hardly no drilling done at Lemare and none at Rose.
So without any inside information from management (who seem to have a religious blood oath to keep thei silence) here is my take on this whole money situation :
The reserve expansion will not appear before a deal. There is enough info already showing the "potential" and for now that is enough.
Moneywise, with 34 million in the bank and another 21 million coming for the warrants brings us to 55 million. Then apparently the federal and provincial exploration tax cuts for critical metals will cut our capex in two.
So retract the 55 million from 200 and sign the partner for 100 leaves a "possible dillution of lower than 18 million shares only ( assuming a SP of $2.50)
So there you go. You don't have to wait for news, I have it all figured out (for free) LOL
GLTA