Dropping like a stone, page-143

DKO has asked for a suspension of shares until they have finished their cap raise. That tells me they haven't raised what they wanted to just yet, and are using today to try and finish it.
At a premium is always risky, but they did have some good drill results.

One aspect that I've noticed about companies and cap raises is that they give sophs and instos some blue sky. If they don't then it has to be at a deep discount to the prevailing price.
I use to think the same, but a CEO of a company that I was in the top 10 holders of took time to explain it to me. A cap raise has to be done quickly so to get the dollars you have to offer something that is likely to give the stock far greater value than the dilution in the number of shares. A positive looking drill program is one of those blue sky type aspects.
If you wait until all the good news is out, and the SP has already moved much higher, then what's in it for those putting money via a cap raise? If the answer is nothing then the sophs will pass and move on to the next opportunity.