Dont dissagree with you there badfish.
PLV wouldnt get $25m in debt now if they wanted to, and increasing the resource is the next logical step.
Why though did we need to raise $5.3m in new equity? Because we need the funds or because PLV were told that if you want the funds, issue us some cheap equity?
if GNR wanted some equity, they could have bought cliffs stake and EIM's holding and then there wouldnt be a need for dilution. This is of course assuming that PLV didnt ask for because they needed the additional fresh capital. With the latest announcemnt there wasnt a statement as to what the funds were required for, just that a deal was done.
According to the financials released only a few months ago, PLV's gone from having a cash shortfall of $10m (which needed to be filled in July), to gaining additional working capital of $25m.
Either PLV are now rolling in cash or the previously announced numbers and estimates were less than accurate.
Does anyone have an answer to this?
Dont dissagree with you there badfish.PLV wouldnt get $25m in...
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