Agree with Ciggys.
This is quality.
Look at the management. They know their stuff, and have the pedigree. They've been doing this for decades. You think they're out for a quick buck? Not likely.
Got a great feel about it, this one.
I am long ERH, ERHO, and BSN (investment vehicle holding ERH and ERHCA for the directors, other than Phil Galloway).
And the share structure, while guaranteeing some significant dilution (partly paids, options, piggy back options, and management performance rights now all in the money) also has the important benefit of bringing in up to $61 mn in new capital.
So, no further capital raising or dilution likely for a LONG time ... even if they've found an elephant here.
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