Your quote regarding cash was as at the end of Dec quarter and since then fieldwork including gravity survey was conducted at Nowa Nowa as well as 4 mths outgoings.
Being a very unsophisticated investor you are obviously unaware of capital adequacy requirements not just for the ASX listing rules but also as demanded by company Auditers as required by ASIC!
So yes 3c is very disappionting and the fact and ramifications of that have been clearly and firmly conveyed to management. Try getting a placement away any higher when SP is at 2.5-3c and the move to 4+ was after any deal with potential investors was already struck.
GLM informed all potential investors that they were effectively "inside" on the basis of the subscription documents they received. If any party privy to the placement are found to buyers in the recent share price appreciation then I trust ASX will take the trouble to pursue them and hand them over to ASIC to p[rosecute with the full force of the law.
Now maybe Jonno Ant you might think about your own best interests in supporting GLM rather than wildly tangental rants?!
GLM Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
