RE:RE:Avino Announces US ATM Offering of up to US$25 MillionWell now we know it was a disaster - in fact, this move is usually a sign of desperation. If they really had something, a Major would invest with a non-compete. Even worse, the filings said they've only done 10K shares. terrible. Still a huge overhange.
In case you're not sure how this works - I know - the market maker keeps offering shares, so when new buyers come in, they are actually investing in Company, not buying in market. Only problem is there looks like there haven't been any buyers, only sellers.
They lost money last Q, so all the Wolfin "enthusiasm" apparently just hype. Too bad, if they had their act together it could be a decent value.