Yes, without doubting Ivanovich's good faith in any way, I wonder if some broker isn't jumping the gun somewhat and counting his cluckers in making such an offer.
We'll know soon enough.
With Sticks, I guess we'd all be disappointed to see recent suspected market manipulation rewarded by such an astonishingly lamentable raising price.
The lack of a kick in share price from the fact of achieving $35m in debt funding under such unusually favourable terms - and from Sprott! - is certainly eyebrow raising in itself.
Let alone the mute, inglorious reaction to even more strong results.
Just too many odd closings below the daily VWAPs. Confounded however, I believe, by the final exit of MHM thrown into the mix.
Anyway, the pragmatist in me will be happy simply to see a line ruled through all this, and a nice clean start to 2018.
I always hoped to be going into production with debt funding and a handily modest capital structure - and at around 250m shares on issue, with plenty of cash on hand for drilling and/or contingencies ...well, that suits me just fine.
Let's see what tomorrow brings.
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Open | High | Low | Value | Volume |
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3 | 39576 | 0.052 |
9 | 883630 | 0.051 |
8 | 1266461 | 0.050 |
2 | 130575 | 0.049 |
Price($) | Vol. | No. |
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0.057 | 106154 | 2 |
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