20% price discount on 2.7c implies a ~$4m raise. I wonder why they had to destroy the equity base even more on such depressed SP and why they couldn't wait a bit more with the CR until they hit decent drill results especially now that they have 4.5m in the kitty? Is it because they are paying back some of the con notes early?
Those 7.5c loyalty options for long term shareholders are worth as much as toilet paper now.
GBZ Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
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