RE:RE:RE:Bought Deal FinancingMarine2,
No doubt adding cash now is a good thing but they could have waited until releasing "positive" quarter end results before doing so (as to get better terms, even those warrants in the not-so-distant future could have been improved upon).
... unless ...
Management and key stakeholders such as Sprott understand the rate of improvement will not realistically meet street expectations.
For example, I know KWN is usually a great contrarian indicator (whatever they pump on that site usually nose dives for some reason not soon after). We have Brendan telling everyone "the time is now" and "we are well on our way to halving costs and doubling production" in a recent interview with Sprott by his side adding credibility to his words ... well that sort of talk (again, in the short term) may be harmful if management can't produce the goods NOW.
Timing is everything and, while I still think this company will get there, the hyperbole thrown around will lead to short term pains as all pump and dump exercises do..
Call me a conspiracist, but this too (I believe) was deliberate. Personally, I have a multi-day re-buy at 1.90 with a bit of cash to buy more if it falls further (Although, I cannot see 1.60 happening, unless there's something wrong with the mine or we get a severe market event -- which is due anyway -- or there's something else us little guys are unaware of)
Perhaps this is nothing but noise, like someone else stated earlier today -- and perhaps the best thing to do here is nothing...I remember reading somewhere that sometimes the best thing you can do is not trade at all
Time will tell and we shall see if 1.90 was a good buy or a "good-bye"