Post by
michaelvim on Nov 09, 2021 1:21pm
I am surprised at the small sell off. i thought the news was
better than yesterday's. but wtf do i know. I guess peeps got spooked at the FT shares. but no one ever sells them, so its a great way to finance and at a great price. If i wasn't already loaded up i would def be adding here. jmo
Comment by
michaelvim on Nov 09, 2021 2:46pm
Prospects r good. But it is dilution, so they are correct. In addition they are FT shares, therefor, their cost is technically 1/2 of $1.18, so approx $.60. Thats why there is a sell off today.
Comment by
michaelvim on Nov 09, 2021 2:51pm
However, lol. I like this financing and am surprised at the sell off. I much prefer it to to a non flow thru deep discount to mkt. I also like the fact that there r no warrants and as i stated in early post, people don't typically sell FT shares to avoid tax burden. I think with further good drill results, this could be a $500 million co or over $4.00 per share next year.