re: funding announcement out well it's not bad news, and in their present situation anything that isn't bad news is good news :)
Convertible notes was the best option for them i think. Especially given that it's partly to fund long awaited exploration.
Not as much volume as i'd like to see yet today, however this could well be the start of an upwards climb in share price.
Think about the announcements that are likely over the next few weeks/months:
- Updates on commisioning
- Steady production at the mine.
- Final government approvals for their continued operations
- Some production figures
- Recommencement of exploration
- Results of the exploration
Add to that, they now shoudn't need another dilutionary cap raising. Looks to me like we may well have seen the bottom. Of course things could still go wrong for them but i'd say the odds are now on a steady rise in share price up to 11.5-12c in a few months.
LAF
lafayette mining limited
