The best thing that GOA can do to dig itself out it's hole is find another asx listed speccy that has no prospects, but a few million in cash, and is trading below cash backing and do an equitable merger. There are at least 50 companies to choose from.
I am pretty sure they have upset alot of long term shareholders with the Premier gambit, no matter how well intentioned it was; so another capital raising will not sit well.
Best to find one with a strong top20 to compensate for GOA's leaky ANZ Nom account.
GOA Price at posting:
1.1¢ Sentiment: None Disclosure: Held
