RE:$500 million for 10%... Same here. 10%, fine by me. I am quite puzzled by the recent pp. It's like 2 months of burn rate, tops. In a perfect world that could mean they have sent in the BTD application and the money is meant to last until a decision arrrives. Then make a much bigger raise, or a j/v, if the company receives it. Sounds sweet and dandy. But this is TLT, hardly anything has gone smoothly these past years. EXCEPT the results are pretty darn good, although they take forever to arrive. That's where the paranoia sets in. The company should be able to raise more than that with no difficulty at all. Unless Roger has found a source to repeat these smaller PPs going forward when needed, which he might, then it could be seen as the money supply has dried up for good. I choose to remain hopeful that it is the first alternative that is what is happening. I guess there won't be much information going forward, until approval or no approval has been decided upon. Anyone with a theory in regards to the latest pp, I will gladly read about it.
Have great weekend all.