If you are here for facts then you may want to revise your research approach.
The 93% comes from a combination of factors, the farm-in agreement and the fact GPR owns a large percentage of Kula shares(~80%+). Don’t be lazy, the info is in the investor presentations and on the websites.
Regarding a couple of other comments -
Capital raising for $10m is a drop in the ocean considering how much has already been sunk into this project (~$150m by Kula alone) without even producing 1moz reserve.
Now to expect the market to come up with ~$150m for construction to get into production is a big decision. In the meantime, putting another $10m into the ground to maybe get an uplift in the overall resource could significantly reduce the investment risk.
There are a number of other factors to consider which I posted a couple of weeks back. All the info is out there and I again encourage you to DYOR.
GPR Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
