Ann: Completion of Private Placement, page-4

I interpreted this announcement as sau will JORC a resource at Weolyu which may give the option of selling the asset to fund mining of Gubong/ Kochang.
Otherwise why out of all our speculative assets we hold pick this one to create a JORC resource.

I also wonder if they have an investor in mind if they do Jorc a resource at Weolyu

I am happy that we kept the register tight with this raise but concerned if funds are not forth coming from Cannon underground or we are unable to JORC a reasonable resource another capital raise is on the cards and will need to be a lot more than $1 million.
Just my thoughts
GLTA
Cheers,