capital raising, page-6

I hope they do not capital raise to build the mine, rather the raising is for working capital.

They have a line of credit to a bank, they should use that, also it makes the stock price more leveraged to gold.

Capital raising at these stock price levels is too dilutionary, if they raise 10 million, that is 1/3rd dilution making their shares really worth 2.9 when measured against previous Marketcap/share.

I do not think many existing shareholders would purchase uml shares at a discount. 1, they have lost too much money already & 2, when they were BDG they screwed shareholders selling them discounted shares at 80 cents only to be worth 30 cents when they were able to trade their shares.

Atleast I never doubled down on this stock.

Very disappointed in management but have been for awhile now.