Well the directors followed through and took up their full...

Well the directors followed through and took up their full entitlement, as did l. That's more than can be said for most of the punters/commentators here! As the SPP wasn't underwritten, the Directors reserve their right to place any shortfall under the Offer at their absolute discretion at a price not less than the issue price. Lets see if the management team have the skills to attract a couple of whales, they have a 3-4 month window.

In their favour...
In Q4 2018 the average gold price was $1213. So far this quarter, the average price is $1310.
Guyana currency has dropped 5% due to the issue with their neighbour Venezuela. This reduces C1 costs.
M&A activity is hot in the gold sector.
They will be debt free this year.
Mine production is no longer hedged.
Crushed ore stock pile for 205K tonnes @ 1.45 g/t / 9,450 ounces (2 months of milling, cost est. $500 per ounce)
EPA approvals should have been received for Larken and Spearpoint satellite deposits. Pit mining to commence thereafter.
Phase 2 drilling has kicked off at Ohio Creek.