The systemic problem with miners I have seen it done countless times. Mining companies selling shares below value right before production or when it obviously isn't the best way to finance. This is the way it has been done for years and will not change.
When you become a mining executive in Canada, it becomes your God given right to become a multi-millionaire even running the smallest of companies and it doesn't matter how you get there.
Great job! Congratulations!
So the mining companies think that shareholders have no power and they are mostly right, but sometimes they are wrong when they screw the wrong people.