RE: A Healthy HybridFull marks to the CEO for getting out there and promoting the story but it is quite clear the 'market' and probably Institutional Investors do not like this deal. Having Management making transatlantic journeys from Nicaragua to Namibia does not seem the best way to diversify their exposure to risk. Institutional Investors would probably prefer B2Gold to stick to Central America and leave them to diversify risk within their portfolios.
B2Gold probably have the cashflow to execute their plans without recourse to equity funding but the strength of their equity currency no doubt swayed their current target and presumably they want to maintain the strength of it. Tough choices for B2Gold Board now to defend and justify this deal.