Phoenix Portfolios are already gone. See Notice of ceasing to be a substancial holder 1/10/2019.
IMO GM will do nothing for now as the aim of obtaining control has been achieved. Remaining company funds will be spent investigating whether a move to early mining can be made.
A cap raise probably occurs within 6 months when remaining holders will have to decide whether to contribute or get diluted. IMO
GLTA.
AGS Price at posting:
12.5¢ Sentiment: None Disclosure: Held