Hard Call. I dont think GBR shareholders would be too happy buying more CMO when GBR already has a high allocation, and need as much money as possible to drill out all their own new targets.
So id agree that GBR doesnt take up full allocation, maybe the dilution only if anything at all.
But we need to trust GBRs BOD, they know gold, and if they do throw full allocation at it, then thats a good signal for CMO.
Ann: Cosmo Exercises Option to Acquire Kanowna Gold Project, page-7
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