While you have a world class project, dilution would be a little concern.
Currently GLN has 240m shares on issue, another 31m options will be a bit dilution, but also will bring additional $6.8m cash. Plus current cash around $14m. This should fund all feasibility study for HMW and exploration activities for Greenbushes South project to around next December, imo. By then, if not taken over, market cap would be over $400m, then would be easier to raise more fund to develop to production, imo.
Compelling opportunity, page-1168
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12.0¢ |
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Mkt cap ! $71.52M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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|---|---|---|
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