RE: Majors31 Jul 2019 12:52
different kettle of fish mate re GGP, they are a minno, so grateful for any cash they can get, regardless of the outcome if results are good.
I think are BOD are more cautious about giving away big stakes in an asset.
However, I personally do like it when drilling companies take shares instead of cash or when a major takes a big stake/position in a company, as over at SOLG with NCM and BHP.
They have said they will need cash here but he preferred to wait for SP to rise before dilution, but unfortunately the SP has gone the other way.
We have some good assets, as I have said all along we wasted too much time not focusing on key assets/prioritising main assets, which we seem to be sorting out by concentrating on the Lithium and gold now.?
These things cost big bucks to explore so we will need more cash before too long IMO
I'd rather they got it out the way tbh re fund raising so we can crack on with more aggressive drilling