I will say I'm surprised that they raised at 6c, that is good, as well as it being for $10.5M. I'll commend the board on that, and am speaking genuinely when I say that is a job well done.
What would the SP be otherwise? Hard to tell, given the market movement since the TH, the fact that this is a speculative company, that gold looks to be finding a bit of support, and that volume is generally light on any given day.
Normally with a CR, I expect the SP to linger in the 95% range of the CR price for at least a few weeks, so time will tell. Today's announcement was actually very positive IMO, and has delayed my decision to sell. My next decision point will be when drill results come back for Musk - not because I think Musk will make or break the company, but it may drum up enough interest to spike the SP up and offer a decent exit price for me.
TBA Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
