Capital Raisings/IPOs

G88 Golden Mile S708 Placement, Gold and Nickel exploration company

Posted on by braden
08
Oct

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Offer Details

Placement Price : 5.8c ($0.058)

Last Traded Price : 7c ($0.07) – 17% discount to last traded price and 25% discount to 15 Day VWAP

Enterprise Value (EV) : $2.95M (at $0.058 placement price)

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Please submit bids before 3pm AEDT tomorrow Wednesday 9th

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Company Highlights

·  Active exploration program has identified numerous high-priority gold anomalies

·   Drill ready targets being drilled

·   Ongoing drilling results news flow from Gold projects

·   Extensive strike length of known gold mineralised structures

·   Proximal to historical mines and proposed mine developments at Cardinia and Mertondale (Kin Mining NL); Youanmi (Venus Metals Corp Ltd & Rox Resources Ltd); and close to new discovery at Penny North (Spectrum Metals Ltd)

·   Undervalued in comparison to peers with an EV of just ~$2.95m

·   Assets strategically located in known Gold discovery areas, surrounded by other asx listed peers such as SPX, ROX, KIN, VMC, RED. (See attached presentation and maps below)

·   Experienced Board with a history of making discoveries, one of which the company has already made at Quicksilver.

·   Money being spent in the ground.

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G88 Company Presentation

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G88 Term Sheet

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For Further Information, please email support@tradesetup.com.au or to talk to the company directly, please email  ben.faulkner@privatewealth.sanlam.com.au

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braden