A surprise 'credit raise' to be sure! Many & varied comments going on here but perhaps we should wait & allow our/the company to show its hand as to why these decisions are being made.
With money (already) in the bank & that being enough (previously) to see us through into 2021 what has changed? Well, we just don't know ... but .... credit where credit is due, this is a relatively fledgling company which has throughout been run by professional management who have always considered the shareholder in any decision making process. I see no reason why they would change their normally conservative & superbly efficient outlook, now! The prospects are just too good to deny.
In my opinion, we as shareholders need to have confidence that this management is looking after the company & its shareholders, as always! Hopefully, all will be explained either via the management or the share price in the not too distant future. This is not some 'two bob' (showing my age) company, it is a present day company with 'hot realestate' in a gold bearing zone, that has a lot to consider for itself & its holders. I also believe there would be some big players eyeing the prospectivity! Waiting, waiting!
My opinion? Have faith, it's a relatively new company & is finding all the right materials to be successful. Its a long long way from making wrong decisions & these guys, I beleive, are astute professionals. This company is only just starting. Hold on for the ride, buy more & wait for the money to come!
GLTAH
GRL Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
