It will be interesting to see if the acquisition is another one where they also have a vested interest like red Fox. To me it seems like using GCM investors' money to prop up themselves in their other projects.
I laugh when I read on the GCM website about their rationale for investing in Red Fox Resources:
"Why the decision by GCM to invest in Red Fox Resources? It has a highly accredited Board." My interpretation is that that is LP talking about LP since he is on both boards.
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