RE:RE:ONE UGLY BALANCE SHEETLet's leave judgement until the updated resource numbers come out and whether they close the deal by this month end. If so there should be a re-rating. They have 11,000 hectares to map in a known silver hotspot and will be taking on over half a billion US dollars of assets plus the resource for a bargain $30m plus royalties.
This will be one of the largest silver mines in the world with a massive above ground resource. Balance sheet was always going to look rough until closure and they have needed to do successful placings to finance things so far. It's a big insider ownership at close to 50% much of which is held in escrow. Covid-19 delays won't help but mines in Peru went back to work this week. Read the presentation. Reward outweighs risk for me for now at least.