As mgmt projected in the last quarterly, there will be around $4 million in the bank at year end - 4 weeks. To reach the 3 million ounce goal, they need another $15 million. So they have a decision to make. Raise now or later. The last 2 Anns did nothing to move the share price. That leaves mgmt feeling that it's better to take a 20% discount from 5 cents now than 20% from 3.5 cents four months from now.
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Open | High | Low | Value | Volume |
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---|---|---|
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2 | 33512 | 1.215 |
1 | 13512 | 1.210 |
1 | 13512 | 1.205 |
2 | 23512 | 1.200 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 17062 | 2 |
1.240 | 149991 | 9 |
1.245 | 156165 | 10 |
1.250 | 517788 | 23 |
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