This news sounds good to me.
IMO this news will only be viewed as negative by those jumping in recently expecting a price spike based on the gold pour announcement. For longer term holders it is a chance to get some additional shares cheaper than the current price.
I like the timing. What better a time to tap shoulders asking for more money? They have come this far with very little assistance and have proven that they can pour gold. It is pretty obvious that they will need more money to sustain the business and ramp up production. The dynamics of the business obviously change when you are pouring gold. For example, you need a good accountant to report the profits.
We are witnessing the first steps in a gold miner establishing themselves as a producer. In time, the share price will be re-rated accordingly.
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2 | 157272 | 0.055 |
3 | 407562 | 0.054 |
1 | 157435 | 0.053 |
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Price($) | Vol. | No. |
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0.062 | 15000 | 1 |
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