On one hand I very surprised they have not already needed to raise cash, on the other who would give them money based on the current performance.
I bought a small holding as an option to go long in the next raise. They have in the passed raised cash from there high net-worth holders and then given retail an option at the same price.
Before committing cash, I would need to be connived that the plant perform issues have been resolved. The grade is in line with the BFS and recoveries are north of 60%.
From the presentation, grade looks good, plant performance is ok and 55% recoveries are trending in the right direction.
With a market cap of 30 million, if they can do that then they should be able to get back over a 100 million.
G6M Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
