Hi Viennalager
I agree, looking back on the last few mopnths hole 71 seems very convenient for GMR's funding for 2012. They had run out of money prior to that announcement. That assay doesn't seem supported by subsequent drilling in my opinion. Where are the results to support their view that Balogo might be an IOCG deposit? Remember they talked that up as well prior to getting their funding.
Also the managing director sold a significant parcel of his own shares prior after the announcements on hole 71? The cash burn is huge. I'm out.
Good luck to longer term holders staying in.
amazing response, page-23
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