Graphene Manufacturing Group Ltd V.GMG

$5M financing

[StockHawk1]

 

Earlier this week Graphene Manufacturing Group (GMG.v GMGMF) announced a bought deal financing where underwriters will buy 1,819,000 units of GMG for >$5M gross.

 

GMG is planning to expand its manufacturing so this financing should cash them up for that. 

 

It seems that investors are content with this move as GMG's SP got a bump after announcing this financing. 

 

GMG @ $3.56, MC $279.415M

https://ca.finance.yahoo.com/news/gmg-announces-5-million-bought-012300151.html

 

 

[SIMPLICITI1]

Always the same pumpers with the same old story..... 5 years before their battery tech takes hold..... assuming they can get graphene manufacturing right.  And how about all that inertia built up around other technologies? Many of GMG's target customers are also quasi competitors given their investments battery technology.

[Mayberry1]

pumpers are sticking out like sore thumbs. No doubt employees of the PR company hired by GMG. They are not what keeps me invested, what keeps me invested is the rational goals set by management and then they achieve those goals. Starting to see some fluff news no doubt but overall the big objectives have been forecast at slightly optimistic time lines then hit right around those time lines. I will