Well, it has been lower in terms of the amount per share, but that was before the last consolidation. If you adjust for consolidation, then what you say is absolutely true.
I reckon we have another consolidation in the pipeline too, probably after the maiden JORC resource statement is issued for Kada. If I were running the show, I'd raise once more on the current shares to complete the JORC maiden resource and hopefully get an updated/improved JORC resource definition for Kouri. Then, assuming Kada stacks up economically, I'd consolidate and raise again more substantially to complete the BFS and project plan for whichever resource looks more promising. At this point, that would appear to be Kada if the early indications bear up.
GMR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
