RE:RE:Does not look to great for the rights offering
If three of the largest shareholders are in, then i'm in as well, I sold my position in a rage trade a couple days ago, and then bought it back yesterday just before that announcement. There is good long term value here with the 5 year warrants, and I think they see that. I'm sure with those guys in, many will follow suit, and they will at the very least hit the 50% mark. (already guaranteed 36%)
I don't have a huge position, but i will likely participate in the RO as that is a pretty unique opportunity thats usually restricted, and i have at least a 3 year time frame. When the new plant is in place, they will be able to hit the ground running as the underground development will also have been extended, and they should have lots of stockpile to process.
I was dissapointed about being kept in the dark, but at least they also came out with a solution, and gave us small investors a chance to participate. I think when i check back in a few years, I will be happy. Tis the mining game, they rushed to get this plant built, growing pains are expected. Good luck!