Post by
Curbside100 on Mar 23, 2023 11:38am
Earnings today after the close
Wonder how Patty will explain the stock performance since the fininacing --Market hated it as did I --
Why the finacing - Why Now and Why value the company at $1.27 --who vetted the institution and what is the money for --even if he borrowed the money at !0% for the power line it would have been better than the financing
Lot of splaining needed ----
Comment by
lumpy13 on Mar 23, 2023 8:43pm
Let's put things in perspective. $16m cash, which funds more expansion and provides a liquidity buffer. Shares sold basically at market, without any warrants. Market cap is US$320m, so only a 4% increase in shares. No big deal. I've seen time and again a market overreaction when new shares are issued. If anything, a buying opportunity.
Comment by
hcarbon on Mar 25, 2023 5:30am
If management sees that there is limited upside in the near future maybe they are more open for a buyout!? 150 kOz with potential of 250 kOz has to attract some companies....
Comment by
mrsly0 on Mar 27, 2023 8:58am
as you heard on the conference call, no analyst are concerned with your concerns... $16m from who... that's the good question... good luck