no capital raising, page-2

I see i got a speeding ticket too... my apologies to the moderators but this dogby guy is very anoying.

Just to summaries what i said in my censored post in less colourful words.

Assuming Dogby is right, which we know is not the case, and the NTA is halved. Does it really matter? The capital raising alleviates any going concern risk then the company value is determined by DCF. NTA is only looked at if there are any going concern issues. In GMG this is clearly not the case.

To conclude, the only reason GMG is raising cap is to replace debt which foreign lender do not want to extend as they themselves are in deep trouble. Income with GMG is strong and I am sure once GMG raises cap all the brokers will be giving Medium Risk Buy rating and by that time SP will 70 cents and dogby will still be down ramping this stock.

Afterall, it is difficult to teach an old dog new tricks.