MYG SP not moving on any convincing volume so I wouldn't get too...

MYG SP not moving on any convincing volume so I wouldn't get too excited by that. Gold is looking good though I think.

I was amused by the wording of the Sandstorm funding announcement, in that it implied that we, Mutiny, were the ones doing the re-negotiating. I think it was more that Sandstorm said, sorry, but we changed our mind, although we do realise you are broke so we won't ask for our $6M loan money back.

Prior option holders are supposedly given priority with the new options so I guess that they could just wait for the next tranche before making decision, by which time more info may be available.

I doubt very much that the options will be oversubscribed given the lack of interest in the heads, and the other opportunities out there.

Even with the underwritten portion providing funds, Mutiny (and the highly paid CEO) will be very low on cash for the foreseeable future. Still, that said, I'm buying a few options for speculative and entertainment purposes.

Cheers - Ben