Well, I didnt expect to see big Chris bailing out at this stage. Got to wonder why, perhaps the 1.25m options at 80c weren't as palatable to him when the SP is sitting around the 80c mark. Personally I thought he was getting too good a deal on the options package, maybe for him it wasnt good enough.
Chris Catlow is a high profile name and that raised the profile of GOT at this early stage, however, is that worth it for a 10% dilution as GR stated, I dont think so. The fundamentals of this project have not changed and once a high grade Mn resource is established the money needed to develope a mine will be raised with or with out Chris Catlow due to the high profitability of Mn. This is not going to be another FMG that needs billions of $ for developement.
The management behind this stock are good operators with alot invested in seeing this project go forward and Im sure they have and will continue to act in the best interests of GOT.
Cheers
Retrac
GOT Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held
