Just my thoughts whilst I get my head around this development and I consider this to be potentially very exciting.
Specifically talking about the gold side of the business- we have money in the bank, are producing profitable gold and have access to a debt facility so why would we need more cash? Doc wouldn't do that unless there was something worthwhile to spend it on- my thought is it will be used to expanded drilling of something very exciting. But equally it could be used to expand our boundary, following the gold as it were.
Unlikely we would be looking to purchase another mining operation, but not out of the realm of possibility.
We don't need this money to keep the lights on thus I'm cautiously excited.
100% this is a surprise but lets keep in mind most of us agree we are happy with the direction management has taken this company to this point so lets trust the process and see what the details are come Monday.
Add to My Watchlist
What is My Watchlist?