Tick tock indeed! Well, some might see this as ramping, because...

Tick tock indeed! Well, some might see this as ramping, because they will see today's news as being a bad thing, and I am putting a good slant on it, but no, I don't think it is ramping- I'm relieved.

With a 3rd go at the SPP, we now have it finalised- and $1.287m in the kitty- which is not a bad effort, imo, given the share price stayed under the raising price. It means investors have faith. I believe we now probably have about 1/10 of cash relative to our market cap (including placement money), which is about normal. Maybe we asked for more money than we needed, and got the amount we needed, so I'm happy with the result.

As to the options, well, there are not a huge amount of buyers:

http://cb.iguana2.com/netwealth2/depth/goaoa

However, they have 3 months to expire, and GOA can put out some good news. People can now either panic and sellers can eat the lone buyer, and everyone can pile up on the .001 line, or alternatively they can chill out and wait and see what happens over the next few months. I know with LOM, the market just pushed up the share price- even without news- to get the options in the money ASAP. Maybe now we have the pressure of the raising over and done with- months of share price pressure there- we can now just move forward- up on green days, up on good gold days, the company can put out some good ANN"s, and we will be on our way.

Plan A could have turned out worse. Plan B is hopefully just a steady course (yes, poetry, I know).