Can't believe the stupid selling that took place today at 10c.
Current and proposed drill program is completely funded from $1.9m cash on hand @ 30 June'12 plus the insto cap raising just completed for $2.54m and the proposed SPP for another $2m = $6.5m net.
Drilling is continuing in several areas and management has already advised they expect to announce an initial Balogo JORC figure during last quarter of this year whilst they also continue work at the second gold project at Yako.
Possibly the last opportunity at these prices IMO with the horizon for an increase in the gold price also on the cards.
GMR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
