"The thing is, they dont need a CR. They already have 1-1.5m cash in bank and they were speaking to that sophisticated investor about maybe selling some shares to get more funding"
not really, last time I thought they don't need to do c/r but I was wrong, they raised $1.2m
quarterly announce that company to acquire interest in coal mining & exploration licences in Mongolia suggest that they may need some extra money.
look at ROB today up nearly 60% on the update of Mongolian coal news, hopefully GMM can do the same
GMM Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
