GCY management may have taken some time to complete the debt package but its a very big tick to get these two Australian banks providing the debt. They will have done more due diligence than any potential bidder would be able to do, so i think you can take it that this is a very robust development that will produce enormous cash for the company. Having gone through this process will make it that much easier to get Glenburgh through BFS and funded into production. The market probably won't pay much attention but it should. Onwards and upwards with more drilling and more exploration to come.Cashflow getting closer!!!
Fully Funded a BIG TICK
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Last
$1.25 |
Change
-0.045(3.49%) |
Mkt cap ! $1.397B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.24 | $3.925M | 3.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 63406 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 42290 | 13 |
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| Last trade - 13.16pm 30/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |