Hmmm! Sure I read 1.3mill somewhere.
So, it is a capital raising and will probably be institutional which I would consider a good thing, if a offer to any Joe then I would probably lower my exposure. Why? Don't really know but if they can't give any satisfaction to the takers at 3.1c, then why would anyone take heart in a CR to any old beggar.
Still can't figure why they need to do it, why not concentrate on production, no need to drill for more now because if it is there, its there, why dilute the stock and fimd its not there.
Anyway, if its institutional then they are in for the money regardless of the reality of whats in the ground.
My plan is when the price is around 3.5c and if there are big trading days sometime after totalling more than a billion shares or more or if those options get converted over then I am out. Plenty of other Au and Ag mines coming on to production.
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