Guys this is a buying opportunity imo. Look at the pricing of...

Guys this is a buying opportunity imo. Look at the pricing of the notes...3.25% pa, with a 30% conversion premium. Taking into account the offer size and conversion premium, it is less than 5% dilutionary, and it is mostly being used to fund construction of the Palmarejo mine, which is the key growth engine for the company.

Compare the pricing to PDN's recent convertible note issue (5% pa with a 25% conversion premium). We are getting much better terms.

I have bought more.