"The SPP was well supported with approximately 75% takeup, with the shortfall of approximately $1.3 million (4,431,667 shares) placed to sophisticated and institutional investors"
No doubt the announcement was to get the SPP over the line. As predicted there was a shortfall. I am hopeful that the Share Price will sit around 29-30 mark and not fall of a cliff..again.. given that the Price of Gold is still experiencing some heavy pressure.
Fingers crossed for a December/January rally.
Cheers. GLTAH.
GCY Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
