RE:RE:RE:Debenture OfferingCREAMSHOW wrote: I don't mind holding this thing until somebody buys it but the timing of the debenture tells the bear in me the PEA is bad and it's back to the drill. Ironically enough the bull in me wants to double down for the ride :)
GLTA
The debenture does not in any way mean the PEA is bad. They applied for it on January 14th, before the PEA was complete.
The PEA is likely ok if Glenn is oversees. My guess is that they got the debenture to drill the second strike regardless of the PEA and do a quick updated PEA when they get the drill results back, incase they do not get the quick sale. There are many reasons they want more cash, if they even continue with it... none of which point toward a bad PEA.