I don't see the CR being done at a price this high. I for one don't know the rules with CR prices but investor demand will have dropped since Pak bailed out. There will still be a strong appetite from South East Asian investors and also SI's who hold a lot of stock but with the binding deal being broken by the cornerstone investor a lot of value is lost.
Let's hope it's above 2c but who knows. We will findout soon.
Things still progressing on the ground at Kupang. Won't take a lot of time to get this project into production and cash in on those high Managanese prices. The wait continues, unfortunately nothing new for us shareholders.
GMC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
