Hypothetical yes and plausible but these guys are careful with money. In my opinion FMR knew the grades and this has been confirmed in ASX announcement. My belief is the trial mining concluded as per schedule without progressing to stage 2. If they went to stage 2 and hit that higher grade gold as the decline was extended a subsequent ASX announcement could have sent the SP skyward, thus thwarting the plans of the likes of FMR to increase their holding cheaply. A number of share price diluting raises occurred adding 600 million shares ruffly 58% and this tactic is a defence against shareholder revolt by making it harder the call for section 249 corporation act where 5% of shareholders in a poll can call meetings.
In my opinion FMR is the main player with former long time director and FMR chairman putting this board together.
This all my opinion only (to my knowledge FMR have not directly increased their holding).
GSR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
