Ever the optimist 1912, and good to see, GMR obviously needs a little bit of TLC at the moment.
shtav and naveen123 make good points though, why did they not raise at 10 cents, or even 7 cents. Surely they knew some time ago what the Balogo resource was approximately going to be. Why did they wait?
They may need to make this very attractive to current investors, say 3.5 cents, with a free attaching option.
And will investors stay because of Balogo, or the comments from the MD about the new Korongou project.
(Quote Golden Rim has chased this project for some time, and is confident of it's potential to quickly produce a gold resource in excess of 1 million ounces. (End Quote)
How much is truth? How much is dreaming? How much is hyperbole? Only time (and drilling) will tell.
My bet is 200 million shares at 3 cents for $6 million dollars.
Anyone else like to make a guess?
Gw
GMR Price at posting:
4.5¢ Sentiment: LT Sell Disclosure: Held
