Agree. For me ST, RSL is the better play over GBE. Free carried on Machinga with 20% share will all be profit and with well over $2m in the bank. However, not all bad for GBE with regards to raising that sort of cash IMO. Firstly, this sort of situation often sees the SP pumped up in order to minimise the dilution or they bring in another partner.
Disc: I don't hold GBE.
It has been interesting to watch the price action today. Someone is quick to soak up any shares on offer at 19c. And again with some strong buying above current price makes me feel very happy to hold.
JMHO.
:)
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