Sssshhh I'm in the IVR queue at 2.2 waiting for a top up.The...

Sssshhh I'm in the IVR queue at 2.2 waiting for a top up.

The Silver Price hit US $17, and the Market suddenly realised Silver was in a strong uptrend. This caused the gap up. Silver currently at US $19.40, and strongly talked about going to US $25.

Not desperately in need of money, and with Silver on a tear, management could probably have let IVR sit in the 3's through September, and done a Placement at the end of September for 3.0. But no, they had to issue to Sophs at 2.4, with 1 for 3 options. Then to make sure the little people didn't miss out they're doing a small SPP for $500k at 2.4 cents.

Straight from the book of "how not to do it", and the result as expected, which will take maybe another week or two to work through. Not expecting to get the top up, but you never know.