capital raising, page-48

CQT management jumped into bed with GFA thinking what a wonderful mutualy fullfilling relationship they were going to have.
Currently i bet that they wished they had never engaged with them.
Expectations were high from CQT point of view.
Prove up the JV area.
Help out with their expertise.
Assist in funding the mine
Maybe take over the company & make us all rich.
Yah yah rah yah yah etc etc.
GFA has not met CQTs expectations by a long shot hence have become a burden to CQT management & shareholders.
IMO CQT management have gone down the capital raising line in a conscious effort to dilute their GFAs holdings & add other major SH in an attempt to protect the balance of shareholders from being shafted by a majority SH. The resource is there ready to be mined. It is now pretty well funded, with plenty of cash in the bank to increase reserves on what i hope will shortly become the former JV area.
ITs time for GFA to put up, shut up or go away.