I expect you are right, The 3 Top shareholders that were happy to underwrite the $3mil you would expect be happy to take the remaining $1.7m since they didn't get hit. If not them then who? The fact they wanted a minimum of $3m, got $3.7m but then are still wanting the last $1.7m would indicate they need more funds today. Although why would they not just underwrite the full 5m?? Another 2/3weeks we will know how much is left of the $27m they raised last quarter and where any that was spent ended up. I don't think they will have 2 more quarters of funds on hand so will be interesting to see where they expect to obtain enough funds for going forward. Hopefully I am wrong.
We must be very close to the "first concentrate shipped" announcement. It took them 5 weeks to produce 10 tonnes of concentrate but I expect they would be well and truly be making that per week by now.
G6M Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
