Based on that it appears highly likely that Collins St structured our last CR, rather than management. 1 for 2 Options with an exercise price set at CR price + 50%. The main difference is that the MEK deal was set at a 5-10% premium to the 5 day VWAP, probably to compensate for the higher gold price at this time.
Collins St sees the value in both GBR and MEK and have a minimum three-year time frame.
GBR Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
