I doubt it.$10 raised specifically for Corporate action.They...

I doubt it.
$10 raised specifically for Corporate action.
They have been rather slow and cautious in spending the money raised so far.
My guess is somewhere after the this qtrly now the share price is back up to after the march qtrly we shall see a move for another mill/struggling operator or tenements or more than one.

I don't imagine all that spare mobile equipment is going to sit in storage for long.

I also suspect they will let GCY stew along with it's 20% or so German banker and go Leftfield to an existing mill on the main Rd south.

Who knows, I don't.
Just get that feeling in my bones as they say.
just as I don't see a rush to up milled grade,just pressure to use the 500kt of latent capacity at existing mills and feed it all at an optimal 2.5g/ton.
Id guess that was part of the plan when the funds raised,so figure they have 6-9 months before that is fully achieved at which time they will be hunting for profitable opportunities with cash generated and a growing stockpile of higher grade ore.

DYOR+DYODD magnificent opportunity for many in the 70s