Cannacord updated research report on GCY website fwiw, page-14

Cheers again KKLL.

NWH are likely happy whatever happens in regards to corporate action, as long as they get to continue their mining contract.
Though the average price they are owed, does help give a fairly good indication of the bare minimum they would accept. i.e. $0.56.

As for DB, remember, they also were buying up shares in FFR, so their overall position in an enlarged WGX, would have been slightly bigger.
Though I agree about your point.

@Joelstar - regarding Snake Well.
They pitched the asset to GCY for approx $15m, which is a ridiculous price considering how small the MRE is. Considering the asset is quite literally stranded, the price should barely half that (which is what they paid for it ($7m)). I think they overpaid anyway. Plus 50% of what they paid, was done through drilling costs, which again, shows me they did not really pay $7m.

I think the one major plus for it, is having granted mining leases, which is the same as Western Queen.

Disappointing to see more selling, though again, on small volume. Here's hoping 2022 is a much better year for all GCY shareholders.