I'll probably take up my entitlement (or at least part). The options are attractive. It is likely that the low price will prevent many from taking up their entitlement.....but I would expect that there are plenty of people hoping to pick up the shortfall. Acorn Capital just paid 2.5c with an option - so at 3c I'm happy.
A transaction at Paguanta could be very lucrative, and the drill program and gold project in Burkino Faso have the potential to add significant value. Obviously, down side exists - but I think the positives outlay the negatives at this stage. Management have indicated they intend to take up all, or most of their entitlement which suggests to me that they are confident moving forward.
Anyway - thats my 2 bobs worth.
Cheers
Doyle
GMR Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
