At some stage they will need to raise further funds but at the 500k raise signifies ‘not here’
My guess is management will have enough aces up there sleeves to push this to 12-15m MC before any raise is done so decent meat on the bone here.
The interest in the area from IGO may also bring a few opportunities once we know exactly what they are targeting, if it’s Vanadium or lithium and they have decent info to back their large tenement acquisition then I think GLA will do well simply due to the size and location of their tenements.
While Uranium isn’t the current hot mineral it’s worth checking out the TOE ground too...
GLA Price at posting:
0.8¢ Sentiment: None Disclosure: Held
