GNM 6.67% 1.6¢ great northern minerals limited

Ann: Trading Halt, page-10

  1. 9,116 Posts.
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    Hmm, as I suspect it is drilling based I would have thought they would have drilled 3 - 4 holes as had enough money for that, see what is there and then raise (hopefully at a higher price).  IMO not a good announcement at this stage unless they have got someone onboard, because of dillution effect and possibility of possibly raising at a higher price if drilled a few holes first before CR (but obviously a risk there if drill bit failed but I was thinking would strike Li so would raise at a higher price).  I guess lets see what is in it before commenting further, and interested whether any of the money will also be used for OHD.  All IMO

    Refer to Post #: 31137025 and Post #: 31211464 if want to understand these views.

    All IMO
    Last edited by Scarpa: 12/03/18
 
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