Looks like we're all stunned into silence. You look to be in the enviable position, OC, of not having to make a decision re the rights issue. .. On the face of it, it would seem foolhardy to take up the entitlement when the auditor (in the ann report) points out a cash burn of >$3m in the year to end June, and raises doubt even about the company's on going viability.
But then I have no knowledge of a Gandel Metals investment failing in the past. Surely the company has another plan to increase funds beyond the rights issue. .. Those who invested in the IPO at 25c (just a few years ago) must be very despondent - if they haven't already realized their losses. Good luck everyone whatever your decision
ORS Price at posting:
1.0¢ Sentiment: None Disclosure: Held
