RE:Public offering 15 million CAD It's 45 million added to the float if the warrants get exercised. Plus, the news release in my email said:
"In addition to the Offering, the Company is conducting a non-brokered private placement (the “Private Placement”) to raise an additional $0.65 million from the sale of an additional 1.3 million Units. The Units will have the same terms as the Units sold in the Offering..."
So, if all warrants are exercised above .75, then we will be fully diluted with 118 million shares outstanding. That's a lot, but if they can turn some royalty and streams into near term cash flow, then our next financing will be at a much higher price, and significantly less dilution. Maybe none at all if we generate enough cash with Pinos and Mozambique.
I have a small position, and I think that .38 cents to .50 cents is a good area to buy at, with at *least* a two year horizon. If you get in on the financing through Cannacord and get the warrants, even better.