RE:RE:RE:news itsjustme, I agree with your concern about shareholder dilution. While NFG may not have to raise money until the end of 2022 or perhaps even early 2023, I suspect they will also not want to let their cash on hand run down too low before another equity financing lest the share price continue to languish or fall even further such that they are forced to do a raise regardless of the circumstances at the time of the raise. I expect it to be another flow-through deal, but the price per share will almost certainly be based on what the company is trading at at that time, so it matters what the share price is at the time of the raise re. existing shareholder dilution.
I think Eric Sprott would be more than happy to increase his stake in NFG, especially if he can get additional shares for less than he did in the last round of financing in which he participated.