agree a bit with albert company has to reoopen on the market for us to be able to recoup any capital that means the minimum 8mill needs to be raised a reopen at 12c would see a flood of (8c raised shares) on the market - even 1c premium would create a flood ANOTHER VIEW even at the full cap raising, theoretically the lenders could foreclose - there has been NO mention of breaching lending terms- why not, when the d/e is >>>100% ?
I see iggy's points about the price being approx 12c if we were trading now - just refer to RXM, PAN,RMS etc prices but cap raising at 8c breeds no confidence in company, and does not guarantee the company' viability
GXY Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
