As a long term holder if after this price action and interest they raised at a 50% discount I would be hugely disappointed!
I think it will really depend on the interest levels coming from the US with the Carbon market potentially driving the recent interest (along the side the ongoing sales growth). Have they been approached by a company wanting to invest or a cornerstone investor? Or is this just the classic small cap raise on interest to capitalise on the growth short term.
Of real interest is what are the funds for, working capital, mining costs in Fernie, further infrastructure developments. The June quarterly results could well be cash flow positive or close to so to raise further funds after raising just 4 months ago, im intersted to see what the proposal is.
Two days and we shall see but the fun for today is over!
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