My expectations are very realistic. Why a discounted capital raise shortly after a pump for an equity offer for MKG when they do not need the money and their own resource statement is due out so we can at least have a look at it compared to MKG's resource. A 'normal company' would release that resource and allow equity holders to reprice the company.
MKG holders not even converted yet, but already being shortchanged and now diluted to boot.
So which is it:
1) the AUE resource is not going to be good at all and they want to raise capital before the market knows that.
2) the AUE resource is going to be very good and they want to move some of the equity to new hands so they can benefit from that with little risk.
Those are the two deductions I can come up with.
Is there another when they still have $19m and all the equipment has already been ordered?
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