Don’t like it…. But… IAU will now have over $105 million in cash, so depends how wisely they use it. If production is ramped up and the Gold replaces what's spent then good. If not then ......
Other question is who are these 'underwriters' working for ? That's a huge chunk of shares over 15% of the company !!
Yep the shorts obviously knew this was going to happen, some leaks within this company.
I'm patient and curious to see how it plays out and whether I really did make an astute long term investment on IAU with Gold and Silver prices going through the roof. Core holding large, range trade the excess.
Definitely a take over candidate, problem is some entity is going to get a bargain as dilution drives the S/P lower. They had better have a fool proof long term plan that produces constant revenue during the coming months and years.