AccordinglyI appreciate your comment. Written with an air of certainty that the market has this one correct. Quite possibly right but i am digging to find out why? From a numbers point of view it seems that the market has it real wrong. Cash flow alone puts the stock at multiples of its current value. The news release on the financing arrangement leads me to think management wants more equity or debt room to expand exploration, keep the jv alive, etc.
So either the numbers are not going to jive going forward ie they will not be able to produce gold numbers similar to the past or the market knows something else i don't.
The price of Silver is begining to show some signs of strength. This is a card I believe the company would want to play. The new financing deal would expand cash on hand, defer the first 2 years of capital repayment and would free up the cash flow to get it done real quick. The market says right now it ain't going to happen. Funny thing about the market is it changes.