Yeah, the results from a few days ago..
..show things are getting better. I just hope the current creditors are convinced to hang in there a little longer.
One of my concerns is they're looking to raise $60M to get them over their problems. Whilst I understand they don't want to raise to little, then be hit with more problems and be forced to come cap in hand yet again, $60M is an awful lot for a company with a MCap of only $130M.
A huge amount depends on the outlook of the creditors. If they're bullish on gold, we could be ok, but if investing in GBG was more about a generic mining story in a neutral market, they may just throw in the towel. They've hung in this far though. This recent pop in gold could not have come at a better time...