This is actually a good result for management, the potential of...

This is actually a good result for management, the potential of Turesi is there, they now have no cash limitations short term to drag their feet with uncommitted cash reserves of circa $2.5M., will the JV partner want to hasten their efforts though? Honestly, the amount of time it has taken GSM to organise and get 1 drill rig to site, as soon as the first lot of assays drop they should go into planning mode to get at least another one more drill there for a more intense drilling campaign.
Depending on the outcome of the applications for government grants, the committed cash position may/will change dramatically.
Lets see if they can finally deliver on something...........

Update spreadsheet .....
Increase in share dilution but no big deal, its actually typical of spec stocks.
Increase in fees to Xcel Capital with a higher uptake in SPP
Will be interesting to see if management demonstrate their confidence and have also subscribed to the placement.


The quarterlies will be out in 8 days, maybe some updates then......
All IMO only
cheers