I actually really like this raise
It is going to current shareholders so you can avoid dilution by taking them up
Good size raise with $1M and $600K underwritten
Directors taking up their full entitlements
Proceeds will go to fund gold exploration at Harris and to test Finlayson gold at Yerrida. With some luck GTE will have sufficient funds to put a few pilot holes into the Potash also at Lake Way.
Have to say I am extremely pleased this isn't a placement to sophs or an insto.
Everyone can take part in this and increase their equity or avoid diluting themselves.
You would think this would last them at least 6+ months and in that time they do a deal on the potash.
Good work GTE management.
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