RE:RE:RE:Why would they do that at ? This makes the most sense to me. We're set now in case we have to widen our net after hole 2.
And let's remember, Haywood is not in this to lose money. This bought deal shows that they're putting their money where they're mouth is (which btw has been appropriately hedged with statements of risk imo).
GorgeousGeorge1 wrote: They actually raised a very small amount of money compared to their market cap. It is not uncommon to raise as much as 10-15% of market cap amongst juniors with no revenue. So another way of looking at it - if they were/are not confident that whatever they found in 6 - 2 will lead to commercial success, it would make a lot more sense to raise as much as possible now, to avoid excessive dilution after you announce poor results and the sp tanks. The relatively small amount they have raised now actually tells me they don't want to dilute at current share price, because they expect the share price to be significantly higher when they need to tap the market for funds again