RE: Momentum building24 Jan 2024 10:56
On this occasion, if GR really does feel it is that close, no, I do not think he will action a placing.
I would like to think he would look at other options as he has already stated for a short term solution and I think that would give the market even more confidence of where the project is at. Canmax, non share related, or even a delay in payment on the operators- I would really like to see this as they would be baking themselves and the quality of work. If they are confident on delivery, they could wait a month until fully optimised. Worst case scenario, it would be nice to see an overdraft exploited.
If this can be actioned and demonstrated the share would probably rise by 50% on that alone, then if he calls an EGM and or does a placing at a higher price, it does not concern me.