RE:1500 gold... when will STGO get some respect? I think patience is going to be well rewarded here on this great story (and soon!)
I'll offer the contrarian view to the previous comment on dilution and the financing round - That is quite the negative spin you are submitting, indeed. This is a great news story - they've gotten "cashed up" during what was a very tough market in the April/May timeframe, when the financing was announced. They're now "cashed up" going into production and their own cash flow.
The fact that they have forced conversion at $2.00 demonstrates clearly that the mgmt believes that the SP is headed higher in the short-term, but maybe wanted that boost / security blanket of cash to ensure they get there - that's mgmt doing what they need to do to ensure production and cash flow in the near future. Thus, I only see this round (over subscribed) financing as a net benefit to everyone.
Look who is backing this company - Elliott Group/Paul Singer, LIM....these are big investors (all of whom got in during the $2.00 price point at IPO) are are all still in it (to win it)...Not a single insider has sold a share of the company (from what I can gather looking at the Insider declarations of transactions on SEDAR).
There are NO OPTIONS/WARRANTS in the company below $2.00. Mgmt issued them at $2.00, which is at a 100% premium to current market price.....what other mgmt teams have you seen do that? Whoever is talking about something "smelling funny" might want to get their nose checked!
This is a steal at these prices....When Cyanide permits are in hand and they're producing, people are going to start paying close attention and I think we are off to $2.00 and beyond. Gold price is flying high right now, and STGO shoudl take off when the final pieces are in place. The next few weeks should be super fun to watch unfold!