RE: Can an expanding resource deposit offset Most junior mining stocks have been taking a beating and especially juniors that are not in production.
I think it would be INCREDIBLY UNWISE for Auriga to issue any more shares at these prices. I think they needed to do this one to get things moving and hopefully buy them time to get better financing.
On the positive side, I think management realizes this and they have a stake in keeping dilution down.
More drill results will be out soon, which will hopefully support the share price.
Financing ALWAYS knocks the stock price down, but usually recovers as the money is put to good use.
I have not sold any of my shares but unfortunately do not have enough spare cash to buy.