RE:Watch - Probe will announce a financing Timing is not good. I would rather see senior management take a salary "haircut" in good faith. Lots of ways to avoid dilution. Flow through Money for an NSR of 3% with a 18 month buyback at double the finance rate. I really think we still have about 60,000 metres of drill results to present +/- . Went deeper and got higher grades and long intervals.
Paycut will cover off administrative costs and permitting ... since they are not producers ....the salaries seem out of step ( whatever u think )
As for selling .... no volume ... not my favourite thing but I can hold out ...maybe another year the. Slowly trickle 1/2 of my shares.
With AEM decommissioning 40,000 tons per day at Malartic it might pay to follow the equipment !
As for permitting ? Well anything over 5000 tons per day is federal ... and the current liberal party is anti - mining ... so it might take a change in government ... example the road to the ring of fire ( Bob Rae hidden NDP crouching liberal )
All that being said PRB is well ahead of other juniors ....so we see the building of ounces. I would take a stink bid of 3.50 ....
GLTA