They concluded the option agreement with that Brazilain company and Platinum less than 2 weeks ago. Then they'd have to compile a presentation to a broker, the broker makes up their mind as to whether it could suit their clients and send out to all clients. They would have 1-2 weeks to decide whether to take up a placement.
This would take a couple of weeks at the very minimum. I'd expect maybe some sort of announcement sometime towards end of the week with regard to a completion of raising capital.
If these guys can get it right with the operational side of the business and not be dragged down by plant incapabilities, this could be a great medium to long term investment.
If you listen to webcasts, go back to David Mendelawitz's posts on hotcopper you can get a feel as to the huge potential. They're next door to the Serra Grande mine! DYOR
Let's not forget though, that anyone can tell a story, in the end it's all about whether it's true or not.
Low market cap for a junior gold producer of $12m is pretty tiny. Just compare the cash costs and debt to BDR and you will get the drift. Compare the market cap of OGX that doesn't even produce and has no mineral resource (as far as I can see).
This company needs to restore credibility, how long could that take?
GLTA
CDG Price at posting:
5.0¢ Sentiment: Hold Disclosure: Not Held
