GNL great gold mines nl

capital raising

  1. bernie3
    269 Posts.
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    12/12/07
    09:15
    Post #: 3150154
    GNL are almost out of cash (had $349k at end of last quarter with net operating cash flows of -$401k) and a cap raising is a condition of the ELL merger as announced on Nov 22. Shouldn't come as any surprise.
    Expect them to raise $5 million
    GNL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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