why would GDM pour anything above a small bar? they get to 51% with that alone as i cant see in any annoucement that there is a minimum size required.
pour a block of chocolate sized bar - 1kg to get to 51%.
I think to sit here contemplating that they are going to push out a 5-6kg bar is pure fantasy. if i was in their shoes...its all about refining the plant operation, understanding the profile of the ore, getting easy ore lying around site and putting out a bar that is all that is required under the agreement.
once they get to 51% ADG are on the hook for 49% of all costs moving forward...so i assume another cap raise for ADG will be on the way to fund their share or be diluted down.
hopefully we find out where we sit in a few weeks time with first pour.
ADG Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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