I think the question is what was the point of that announcement?
Has DSO been achieved yet? - NO
Has second tranche of funding (dependent on DSO) been received yet? - NO
DSO has been "imminent" for a long long long time now, and I have lost count of how many final steps and applications there have been along the way.
Now it is still subject to:
1. Lodgement of the RKAB with the Ministry of Energy and Mineral Resources - how long will this take to procees
2. Re-assaying of samples - how long
3. Obtaining a Certificate of Analysis - how long
4. Certificate of Analysis will be lodged with MEMR - how long to process
GMC have provided indicative timelines - but how often have they met them, especially given this is in Indonesia. After all the whole reason they need the re-assay in the first place is due to the delays.
Surely you rather an announcement that says DSO has been finalised and funding received - simple?
And
@Aghiorlym, in an earlier post you stated:
https://hotcopper.com.au/threads/gm...post=true&direction=previous#.XHi2z4gzavg"
do the math ! , the only way to get options profitable for the company and the option holder is to ask the Top20 to push the selling price to 1.3-1.5 and bring new buyers ( day traders as well ) to the game"
Don't you think this announcement is a bit of a coincidence?
