Why NOW???Does the fact they're raising money NOW kinda lead you to think that maybe the new reserve estimate is going to be somewhat to very underwhelming???
If you had mouth-watering news, would you not release it first, then take advantage of strength to sell new stock?
This story looked cheap at around $100 US per 4 million ounces in the ground. Maybe $110 on a good day. I think the company is messaging that the new number isn't going to be a whole lot more than 4 million.