At 31st Dec 2014 they had just north of 1.8mill in the bank. On the basis of that + a very busy 12 months ahead by the look of it, I'd anticipate a CR in the next 12 months. I don't see it as a bad thing as this is one of my LT plays so I'd be more than happy to participate.
The only way I see that this won't happen is if they sell GW and focus on the other projects.
Although good at stretching their funds, all juniors need money, and they'll raise before they run out - especially with the current prospects that they'll be pushing hard.
I anticipate some good news followed by an SP up thrust then a CR at some point.
With little free float it won't take much to get this moving.
Cheers
Nod
TMX Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
(20min delay)
