After reading threads from the past few weeks on guj i got some oppies today after the announcement.
A post was made on 29 june by deang001 on HC after speaking to the company secretary. What the secretary said then is pretty much true, so should we believe what was also said then about the seeding?
Part of the thread is below.
"I asked him how they would pay for the mine and he stated that their were many options on the table (he did say not to take any of this as gospel as their were a few alternatives) but the parent co had guarenteed. He said he believed that a loan ("direct debt from bank" is how he termed it) of some sort would be the quickest option and then maybe capital raising (through shares)?
I asked him about the seeding. He said that their is none going on by the company in the last month. He said that around a month or so they were approached by an institutional investor (HSBC) who wanted to buy shares but said there were not many available (around 22nd May). The only time the company sold shares onto the open market was around 28-31st of may after this request and the total was around 350,000."
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After reading threads from the past few weeks on guj i got some...
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