I agree, I don't begrudge the institutional capital raising. They clearly had big names banging on their door and with these names on the register comes further credibility. We all benefit from that.
I hope we do get a reasonable allocation, I also have no idea how many are on the register.
When in the mining game my dad always told me you have to raise money when you can. Now with a $65 million war chest and cornerstone investors we're fairly immune from a takeover except at substantially higher prices. They can now drill the total bejesuz out of their land, Burkina Faso and Mauritania simultaneously. Next year will be a cracker.
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