Ann: GBR Secures $5.5M to Fast-track Exploration, page-23

Well my prediction of 5M @ 8.3 wasn't too far off the mark. CR giveaway was the failure to hold low/mid teens after such good back to back announcements.

8M total cash should get us a good 12 months without a CR, if we have further major success, then I would expect a CR in the 30s.
CR discount was a little above my expectation, but not outrageous.
No SPP, so won't be a long drag on SP recovery.
SOI of ~ 340M still relatively low.
Further drill results just around the corner to aid SP recovery.

All in all it's looking pretty good provided POG behaves itself. We may see a slow drift down towards the CR price until the next results, after which mid teens should be held.

GLTAH