Where to for BAT? I am no longer a shareholder as I posted as part of the following post:
"hard to see much here to like.
lousy grades and as a result probably massive dillution coming if they're to raise the cash needed to move project forward.
they spent $15 million last year and if memory serves have only $2 million cash on hand now."
It's hard to see a very pretty outcome here.
They still need to do an equity raise soon (at .50?), cap-ex is going to go up, a lower price for gold makes lower grade deposits less viable, and the chart stinks. I admire the optimism of those here stepping up to buy.
If this gets much worse I can imagine another Colombian co (CMJ?) stepping in and buying out the asset on the cheap but BAT is quickly approaching "avoid with prejudice" status in the market .