A further $1.3m due in 9 months in order for GEG to move to a 63% interest and effective control.
You are correct in saying we should be self funding until an acquisition comes along, allowing for a better funding scenario.
Patience required but I have no doubt several opportunities would have passed over the desk so far. Vendors' expectations have tempered in recent times, so, there's no reason why an accretive deal can't be sourced....it just takes time
Ann: Completion of 2nd Earn-In Interest-Sale of Golden Ant Shares, page-3
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