RE:RE:RE:RE:RE:RE:RE:RE:Financing would be my guessExplain this to me. The company says this
Copper @ $3.15
Post-Tax NPV8 & IRR US$524 million / 33.5%.
The last time they did an overnight financing. Now they do a bought deal. Nothing like a rally killer.
The price was held below $3.50 until it broke out. I would say this is very suspicious.
There’s only about 10% in the public float so you can’t do anything about it as public shareholder. Regulators are useless. I said this a long time ago. This is not a typical publicly traded company considering there are 2 known owners and 1 secret one and the rest of the shares like 10% are in public hands. So I can’t really complain about it. I can either sell or stop complaining.
I guess I’ll stop complaining and cross my fingers that over time the shares will appreciate.
On the plus side. I don't think that the PP is going to hit the market to drive prices down. There's way too much stuff happening.
MM