No intel, just a gut feel that ~ 4.5c will be discount needed to...

No intel, just a gut feel that ~ 4.5c will be discount needed to get the cap raise subscribed to when another boost of cash is needed. I sold out a little while back at 10c to reallocate money into tier 1 deposits in tier 1 jurisdictions. This is definitely not a market where people are willing to take much sovereign risk or exploration/development risk. Safest commodity bets lately have been in producers in safe jurisdictions with good macro for whatever commodity we’re talking about.
I’m personally willing to invest in the risk/reward in EVG once we’ve got another few quarters of cash in the bank, but clearly not many investors are feeling comfortable parking there money here in the short term.
Hopefully there will be a bit of a pause after the Fed hiked rates once again.