RE:Liberty Gold To Raise $30 Million Via Bought Deal At $1.10 PCorrect in that they need cash at this time athough if you look historically, LGD has not come to the market in three years. They've been selling assets to cover the costs of drilling. That was their go-to method of raising cash over the past two years. Looks like they were not able to sell Goldstrike for a proper sum so they wish to prove up more ounces then sell.
Surprised at the raise as I thought they had enough on hand for this year. Guess not. Regardless, I'm still a believer in the next couple of years. Both Goldstrike and Blackpine will be proved up and sold for much more than they are worth currently.
Good luck everyone,
sb