AlwaysLong683 wrote: "Is there an actual point you are trying to make or are you just babbling incoherently?
Yes IAU filed a short term prospectus for $200M in 2022 which allowed them to issue $65M convertible debentures in 2023. So what!!
Artemis filed a $400M prospectus which means dilution will be happening over the next 25 months not necessarily for the full amount but certainly for some portion thereof. The question is why if they are supposedly fully financed."
"So what!!"
Exactly. "So what" in both instances (hey look, you posted two-word sentence that actually makes sense - good for you!).
Companies of all sizes build in contigencies on a regular basis to keep their options open...... large loan facilities, renegotiation of existing loan agreements, private placements, etc. No sane management company pretends nothing could or will go wrong, especially young mining companies taking on rather large projects like ARTG and IAU. All involve risk by definition and there are no guarantees with any of them.
Further, I agree issuing a short-form prospectus doesn't mean all (or even any) of it will actually be used (two in a row - look at you!) - it's there in case it's needed. IAU decided to tap theirs by issuing 65M USD worth of 8% debentures recently. It may do so again. Or not. Same with ARTG.
While it appears ARTG has enough funding to cover the initial capex for Blackwater, of course it's not a 100% lock. Same with all the rather bold future predictions made by IAU bulls on this BB with far less hard data to work with than what ARTG has produced to date.
The point in my last post?
Thought it was obvious, but I'll type slower and spell it out for you nonetheless:
Why did you feel the need to point out ARTG's short-form prospectus and state that "...It looks to be additional dilution coming soon...." while conveniently omitting the fact that IAU is doing the same thing and has already tapped into a portion of it over and above whatever degree of self-funding plan they may have in place, not to mention the fact you should know that just because a short-form prospectus is issued doesn't mean dilution is "coming soon" if ever. Maybe so, maybe not. Same goes for IAU. It's called risk management. Look into it.