RE: last financingI was ticked about the financing as well. Someone said that the management couldn't have predicted the spike in the share price, but yet they released awesome news that pointed to a great turnaround at the mine only a day or two before? No idea that would help?!?! They may have been working on it for a while, but I would have told the market that things have turned around first, then saw how it responded. I understand they may have felt they needed the good news just to get the price to 11 cents, but it still stings those of us who have seen our shares dilluted almost in half over the past few years. Even if the warrants had been priced at 20 cents, or something that wasn't already in the money, it would probably sit better with a lot of people.
Crusader, keep in mind that hedge is still in the way and that even a $100 pop in the gold price brings us less than an extra million bucks for the year. Silver is helping out more however right now, you're right about that.
As for spreading the pp around, I know that Eadie claimed he wanted to put the shares in strong hands. If he spread it around to a bunch of retail investors and gave them warrants that are already in the money, it would be a disaster IMO. I know they had at least 2, possibly 3 people that wanted the whole deal. If they spread it amongst them, that would probably be the best scenario if they truly are interested in making big bucks and not flipping for a double. As angry as I am, this thing still has a dollar share price written all over it shortly after the hedge lifts.