Sarge Managment think they only need to raise 50mill equity plus 150mill debt and or forward sales. In addition they are looking to raise the finds so they do not dilute exisitng holders if they take up shares, and at this price I for one will look to average. This means those hedge funds that shorted shares will not get then given to them. Now we have the BFS they are so far ahead they likes of AMX, have much higher grades, simple metalurgy, just the whole sector is in a bit of a hole at the moment.
GRY Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
