TSX:SUE.WT - Post by User
Comment by
mtsuiton Nov 23, 2011 10:53am
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Post# 19261280
RE: Anyone asking WHY?
RE: Anyone asking WHY?Miners should raise money when they can, not when they have to. If SUE waited until it needed $50mm then at that particular time the market might be weak and the offering would have to come on bad terms. For example, SUE's related company Avion Gold issued shares at 8 cents in late 2008. If SUE had people willing to invest now then it gave up some dilution, but also put itself in rock solid financial position to endure any potential market weakness over the next year.