Macrae12It depends. In regards to their forthcoming drilling at...

Macrae12

It depends. In regards to their forthcoming drilling at Cethana the first $600K will now be funded by the farmanee (subject to shareholder approval). In regards to their other Tasmanian assets, I have no idea about timeframes. They will also need cash to explore for further reserves at their 2 mines - but I assume the funds will come from production revenue. The major issue at the moment is how GUJ proposes to fund the $49M acquisition of the Elouera mine.

I suspect the share trading activity of both the newly listed company and GUJ will be synchronized as there are so many synergies between the two companies.

Its also possible, given the oversubscription of the IPO company, that many potential investors may choose GUJ over India INR, particularly given its lower market cap.