The recent placement was done at 2.1c but also had attaching options. When you include the options it meant those clients of GBA Capital were getting an average price of 1.6c (this was stated in the term sheet from GBA). So, my guess is, some of those clients are happy to sell out anywhere from 1.8-2.2c. But, it's just my guess.
The cap raise was needed so it is what it is, but I do like this current project as I think it has genuine potential and I will be watching closely for an entry point....sadly to average down but in the hope of things turning around. I know management is working very hard with this project and have been to site a number of times. Noting that there is mineralisation in recent drill holes and extending the project is a very good sign in my view.
The recent placement was done at 2.1c but also had attaching...
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