My first thought this morning when I saw the ann is that the company is buttering the shareholders up for bad news on Renard falling through. A "fallback" if you will. Not that it will do much at all for the share price should they not exercise their option in the Renard aquisition.
First and foremost, majority are here for Adina, then Renard. If Adina doesn't become viable/can't obtain strategic investment (without Renard), then secondary projects are welcomed - but let's not kid ourselves, secondary projects won't hold the market cap above $30-$50m. Especially when they'll have to tap the market for the foreseeable future to essentially start over again.
Hope Chris is on the ball with the strategic and Renard... if not this will turn into another AGY, albeit in a better position, but disastrous none the less.
IMO GLTA.
WR1 Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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