I'm expecting a ten or fifteen to one consolidation followed by some form of capital raising; either another placement or a share purchase plan.
But it's a fantastically difficult time to be trying a major restructure like this. They don't even have an exploration target to dangle in front of potential investors. It's going to be hard to find anybody willing to put more than loose change into the enterprise.
GTE Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
