Ann: Trading Halt, page-22

This is a relatively small raise. The stock was 32c the other week. It suggests that the company is only raising what it wants to crank the drilling/resource out. They still have some cash and a $5m NST payment to be made at the end of June. This cash will give them enough to achieve a shot at $1 imo. Coyote is a cracking deposit. $1000 per vertical metre and its 645k ounces down to 300m depth. That is clearly going to be a million ounces plus of high grade when its open to 700m and counting. They have years of mine life in that deposit already. Coyote is now clearly run by the right management team.
Paulsens is also going to really crank this year. The Cabbro veins have been coming in nicely. The Paulsens 2 drilling will come in over the next few months. If that really comes in, then look out. All in all, we are sitting on the pad for a very exciting 2023.
I get a little laugh out of the usual conspiracy theories about pumps and dumps. The company raises within certain windows to achieve certain goals. You want funds and brokers offering you money, not the other way around. People could have loaded up the truck at 33c for months and held off. Its now heading much higher in a better gold market. The stock is massively under valued. Investors want high grade assets. BC8 have several of these. If gold keeps going, then these high grade assets get bought up anyway. The market will absorb the short term and move higher on the back of the next upgrade imo. Given the past record, this will all be done to sophisticated and funds quick smart. Its only a small raise and that has always been the pattern.