A quick raise to SI's for cash flow purposes in the meantime would not be hard for them to do. At a greatly reduced rate yes but it would only be small (extremely minimal dilution) and would tie them over till a deal is struck. There would still be appetite for stock that was at the right price.
Civil works on the ground in Kupang still kicking off as we speak. The deal is a formality in my opinion. Who knows what it will be at and how favourable to GMC share holders but it will get done. Talk of going into administration is laughable.
GMC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
