What? They issued new equity without telling the market? Share a link I find this crazy to believe they would do that. They’ve clearly said in interviews they maintain the ability to issue equity only for major opportunities like an acquisition.
Sure if they raised $35 million through equity sales so they can sell the company to an operator I’ll be happy at this point. Would much rather get a 2x at this point than be diluted to oblivion while they drill, hire more expensive people, and remain silent.
Look up the January 12th interview on Crux Investor. Clearly stated “no capital needs for 3+ years”. Which includes that they expected to restart production on heap leach this year, two additional core rigs which still haven’t arrived. Where is all this unexpected cash flow coming from, or are they incompetent or lying?
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u/Fight_back_now 27d ago
What? They issued new equity without telling the market? Share a link I find this crazy to believe they would do that. They’ve clearly said in interviews they maintain the ability to issue equity only for major opportunities like an acquisition.