Gold Road Resources Ltd ("GOR") - A new gold province?

[Xerof]

Looking through their "new" presentation posted late today, they are only seeking $5mill, giving them $10m cash for the 2011 swiss cheese programme, including listed and unlisted oppie conversions.

Sensible amount and won't impact on existing holders too badly imo.

[Stumpynuts]

Looking through their "new" presentation posted late today, they are only seeking $5mill, giving them $10m cash for the 2011 swiss cheese programme, including listed and unlisted oppie conversions.

Sensible amount and won't impact on existing holders too badly imo.

I wonder how the market will react, and I wonder when the TH will be lifted?
Will SP take a short term dip for potentially long term prospects?

[Xerof]

It'll be being filled today, and most likely announce completion on Monday.

I say massively oversubscribed, and sp will not miss a beat

[sparrow]

They don't say at what price they are issuing the new shares to raise the $5 million.
I sincerely hope it's not at a substantial discount to the current share price as some companies have been doing lately.

[Xerof]

I sincerely hope it's not at a substantial discount.........

It's highly unusual for it NOT to be for Junior explorers

the whisper is 30 cents

[sparrow]

the whisper is 30 cents[/QUOTE]

Hope the whisper is under the mark, but you're probably right.
Better at 30 than the 15C of 2-3 months ago

[Xerof]

sparrow, someone on the other channel reckons 36.5 cents - claims they read it in the paper late last week - that would be exceptional if it's true

we'll know all in good time

[sparrow]

If it's a placement with institutional investors, I guess thaey are known to pay a small premium. With the drill results so far I think the company hold most of the cards.
Couldn't find anything on the web re the 36.5 figure quoted by the poster on the other cahnnel, supposedly in the West Australian newspaper last week.

Who has the power to change the title of the thread to the new company name?

[airedale]

I think that Steve Fleming who started the thread would be able to change the title.

[gazprom1]

34 cents is the magical number...pretty good for Shareholders IMHO.

Gazprom