Looks like they finally overcame their hassles with ASIC and the...

Looks like they finally overcame their hassles with ASIC and the obstructions from the AZX board, listing tomorrow after raising the full amount of $8.25m

GGG's listed entity has approx $20m in cash, and 165.7m shares o/s which at 32.25p gives the bid value of A$0.69 which in my view is not enough to get people over the fence. Exchange rates have narrowed, and GGG has fallen back since it had that nice premium a month ago. Gold stocks have taken a big hit in the last month with silver unravelling and if you were in the West African patch which were priced for perfection it was even worse. AZX is good value at a mkt cap/oz of A$54 for its 50% share of the project and I think the value players will come into it and GGG soon.

Together the two companies will make a much stronger story and instead of $54/oz it will be priced at $100/oz or more, and we all know the ounces will keep growing if they can get the rigs on the ground and step the pace up.

Question is can these two stop the ego play and get a deal done?