Raising capital for gold is getting easierOn June 10, Integra Gold ICG with a market cap of $30 million announced that they were raising $4million. Two days later on June 12th, they announced they were raising the limit to $8million because of such high demand.
Let's hope we see a .20 price or higher for MXI soon so they can raise a couple of $million at a reasonable cost.
I think that investors in the equities markets are climbing a wall of worry with such high stock prices out there and are soon going to be shifting some equity money into gold, expecting a pullback or something uglier. The US says that they are keeping interest rates low for a long time yet and that is good for the gold bugs too. We could soon see a piling in on gold stocks soon, With a higher gold price and some good drill results for MXI, share price is going much higher from here.