GMD 1.79% $2.57 genesis minerals limited

drilling, page-40

  1. 23,832 Posts.
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    TJ i agree that they will have to raise cash at some point

    would be interesting to see their operating costs and cost per drill etc

    anticipate that they will release some first round results to get the SP north of 30 - 40c

    again , at 30c market cap is only $18 million so this is really quite conservative

    double that for $36 million and we are at 60c - still a relatively cheap market cap

    given some of the runs other stocks have had on speculation alone without results to back it up , this isn't out of sights

    does anyone know off the top of their head how much % the last raise was out of the 15% they can

    just wondering how much more they can raise this financial year

 
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