OK...I see a possible problem...back in May, Argonauts did a...

OK...I see a possible problem...back in May, Argonauts did a massive cap raise of $30m at 6.5c

That's a lot of shares sitting at a 15% loss held by some mighty passed-off punters!

I am guessing a lot of them would be ecstatic just to dump at breakeven.

Also, if MYL is burdened by sovereign risk fears and they have to raise considerable bank finance or other debt finance, then lenders may charge a sovereign risk penalty...I.e. high interest rate in a time of low interest rates.

A few complications....

However, the silver price is on a tear and I guess investors are scouring the market for good silver prospects.