Strategic Minerals PLC's (LON:SML), Peter Wale talks to Proactive London about their £700,000 of which £48,900 was in 'salary sacrifices'.
He says they had 'plenty of demand' which supports his view that 'the market price is still very much wrong'.
Wale says that this could be their last raise, to clear the way to finally see 'true potential value ahead'.
Strategic Minerals said it needs to renew equipment at the Cobre magnetite stockpile and push ahead with work at the Leigh Creek copper mine (LCCM) in Australia and the Redmoor tin/tungsten project in Cornwall.