Funny thing the stock market.
You can't raise more than 15% of your share capital without shareholder approval, but you can sell control of your major tangible asset to another entity in the blink of an eye (in return for a BRIDGING LOAN) without giving a second thought to your shareholders.
The market has itself to blame. If we had have valued GBG at about half the money spent on the mine (~$1.5 billion) then a GBG share would be worth about $1.00. We could have then raised the $84 million with a 6% capital raising, simple.
How were we ever going to win against the power of the Chinese state when our market is dominated by fear and greed? Maybe the people who bought GBG at over $1.00 were actually right and the people selling the shares down to 14 cents have it all wrong.
The market giveth and then it taketh away.
Enough from me now. Keep the fury people that's all you've got left now, the market will see to that.
SilentO
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Funny thing the stock market.You can't raise more than 15% of...
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