RE:RE:RE:RE:RE:RE:New Presentation 9.12.2021 with Adam SmithHe has been talking about a CAD 20-30m raise in late 2021 or early 2021 for at least the past 6 months in every single torrey hills capital video. This is not a surprise.
25m at CAD2.50 shares price would be 10m shares so 4% dilution. Peanuts.
What you get in return are 2 more rigs and the ability for oco to drill this out quickly and have $$ for eg step out holes in brasiles to unlock additional value.
If you think that a 4% dilution won't unlock way more value that 4% you are mistaken.
This will likely also come from a larger institutional investors so we can move beyond the retail crowd which goes whereever Mariusz tells them to go.