GREY:GQMNF - Post by User
Comment by
geordieboyon Jan 15, 2011 6:06am
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Post# 17977087
RE: Update?
RE: Update?GQM have filed on Sedar amended financial statements and MD&A for the period ended March 2010. A key change in the MD&A comes in the outlook section where they state: "The Company is targetting a project financing in the first quarter of 2011.....The following are the possible financing options that the company will evaluate, and that may be combined: a. An equity financing b. A combination of equity and debt c. A silver-stream financing; and d. A merger with an established company."
This is new public information, and implies that the revised feasibility study is nearly finished and that therefore project financing will take place in the next two months or so. Why this news has been released in this bizarre fashion I don't know but is in line with their generally eccentric approach to company information! I have not picked up any further significant new info in the amendments but have not studied all the detail.