RE:RE:RE:RE:RE:Soma now at 52-week highThe last thing I want to say about it is this: They don't need external money. The operation is profitable and it will bring more profit every year.
When an institutional investor want to get in (which I doubt, this operation is too small for them) management can also do a cross trade with part of their shares and then make a deal that this party also buys x shares on the public market. They have done this before, just check SEDAR on Nov 17 2022 (Notice Form 45-102F1). Maybe for a newsletter? Apparently this deal did not go through because the 45-102F1 is expired now.
Management really isn't going to dilute below $1 per share (without warrants).
As I said before this will be a cash cow and management and all shareholders will make money by growing the operation and paying dividends. I expect also an NCIB later if the share price lags.
Every day gold stays above US$1900 is a bonus for Soma. With this extra money they can repay their debt even faster.