Gold price is down and timeline given by management means there is time to get in and out of GML.
You'd want to be back on board when the resource upgrade is announced - I suspect there will be re-rate of share price and we will either go to another capital raise to continue growing the resource (Kashmir especially) OR the larger confirmed resource will invite M&A activity.
This is pure speculation - Horizon right next door in a similar position burning through cash and working to upgrade resources. A merger following resource upgrade would put them in a strong position. 2.5m-4m oz resource defined, mill infrastructure at Horizon that requires refurbishment (cap raise upon merger to uplift that) - clear path to production and generating revenue. Obviously a lot more complicated than that but seems like an avenue that is open!
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