Post by
RickVaive1 on Aug 02, 2024 4:14pm
Eloro Thoughts
The stock markets is getting crushed today, but Eloro stock is up in a real bad stock market. I think The President of Eloro could have the following game plan:
1. Yes Eloro has to raise $20 million by end of 2025 ( see brokerage report above)
2. Initial raise only requires $5 million to cover monthly operational expenses, 5000 meter infill drilling and finalization of PEA to fund till year end
3. When PEA published stock price will be above $2.00 and Eloro might consider $10 million raise or bring in a JV senior partner during 2025.
4. Remember President of Eloro has stated a strategic priority is to keep the share count low. There are 79 million shares outstanding..regardless of a small raise to move infill drilling along for PEA purposes, it would be less than 5 percent at current prices..
That is the benefit of having a CEO that understands basic dilution more than most.. which is proven!! Many junior companies have double or triple share count float.
Have a great long weekend.