Not sure their money situation is that rosy unfortunately. They had $611K to the end of June, $207K for Mt Caudon, $337K in placements, makes $1.154mill. But that $611K was end of June, its now close to end of October and they are spending $500K-$600K a quarter. So at the end of December we'll be back to $200K or so maybe less. I think they would definitely be eyeing off a placement potential. They could als sell their CAZ shares for a current value of around $600K b ut I doubt that would be their preference considering they sold the Fe ground for a pittance really (CAZ have since provided a very positive resource upgrade on that ground).
GDA Price at posting:
6.2¢ Sentiment: None Disclosure: Held