Check this out from the NR: "
As a point of clarification, and as previously announced in a press release dated June 11, 2013, although Bonanza has received the requisite approvals to raise up to $10 million, Bonanza is currently engaged in raising up to $5m by way of a private placement for funds to support capital expenditures on equipment and an inventory of spare parts as well as a contingency fund of $1.5m to bring the mine to design production rates.
Does this mean that instead looting-us-death by 200M (assuming at 0.05 / sh pp) shares, it will aim to loot-us by 100M (at 0.05/sh pp)? What is your take on this statement?
Does it mean that BZA realize that the mine is producing more gold than it thought possibly earlier?
Or is this a case where it
kind of listened to the voice of displeasure from retail investors?
hmmm...