They had $1.1m in the kitty 7 weeks ago - pity they couldn't wait another few weeks and put out the updated resource which may have led to a re-rating, a higher share price and a subsequent cash raise at a higher price and thus less dilution for share holders - unless of course the upgrade is a dud which is most unlikely given the latest grades etc.
Now we wait for details of how much is being raised, who to and at what price .........
GMR Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
