Great find and that does make sense. If we look forward a bit, GTT will get a further 15 million shares when Santa Comba secures debt funding subject to a mineral resource of at least 7000 tonnes of contained WO3. This also needs to occur within 9 months of the feasibility study, which I’m assuming to be the DFS.
Steve has been extremely savvy on placements. I might suggest to him to do an off market transfer to a major shareholder if their intention is to sell otherwise this could be capped for a bit.
RFR Price at posting:
8.3¢ Sentiment: None Disclosure: Held