RE:NICE.Does anybody know the logic behind the select offering of "charity shares"? They say to be sold to charitable purchasers, so why the premium to the pricing of the ordinary units?
Im happy to ignore the give-back of a dime or so in trading, these prices on the market are pretty pessimistic given the trend for copper, gold, silver and the company's success adding value by drilling. If $16 million is going into extending Goldstorm, probing other priority targets (especially PSZ and a potential bonanza in copper reserves), let's go. TUO and TUD are cheep, cheep. Especially liking TUO as the dilution required by these drilling funding raises grow the TUD share float. KK is adding value, but still, dilution cuts the other way.
Ya gotta believe SEA is gnashing their teeth. TC keeps popping up economic value all over any tunnel routing (um, we ever see the results of SEA's tunnel drills?) and KK is quite rightly saying no auction block unless there is a better idea what is there - at least another full years drilling, OR, cut us in on a major stack of SEA paper and partner the whole show to a huge buy-in by a major for a consolidated shared risk development. Which, a KSM-TC mega project, actually makes the most sense of all. Build a whacking great tunnel conveyor to service both properties?
cg