Price will be an obvious point we'll be looking at but I'm most interested in how much GUN can raise. I would like to see them get enough to sustain 12-18 months operation. 12-18 months should see them to the point where The Mt Gunson MG14/Windabout deal is derisked and also, hopefully, a good market in mineral sands.
A placement probably won't achieve it so I expect there will be an additional capital offering. It would mean a solid dilution but would provide needed security.
GUN Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
