Carbine Tungsten (ASX:CNQ) has been granted a trading halt by the ASX this morning, pending details of a capital raising.
The halt will remain in place until the opening of trade on Wednesday 22nd March 2017, or earlier if an announcement is made to the market.
The company has a zinc and lithium focus in the world-class Broken Hill region.
Paul Donaldson discussed with investors the Tier 1 Colluli Potash Project.
Finncap estimates the shares are worth 11p on a risked basis or more than double the current share price.