If CMM is anything to go by, After a resource announcement I expect to see a consolidation of shares prior to any further capital raise and I see GML selling shares in the other entities before a CR.
Makes sense to borrow the money as money is cheap to loan at present and of course this way, it all depends on the resources announcement being released sometime this quarter?
Be interesting to see what questions are asked of Mark Cossom in the webinar coming up on the 7th October this week by the media and investors?
GML Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)