Post by
snowshoedb on Dec 14, 2022 11:32pm
at the market program = strong negative reaction
It's very obvious over the last few days how shareholders are responding to the at the market program. Profound disappointment would pretty much sum it up.
I believe the part that is inconceivable to us the common shareholder is that the key and a project was supposed to have a 95% IRR… If that's the case with a two-year payback… Why do we need $100 million dilute of insurance package?
is there another shoe to drop? are the grades inconsistent?
are the rock formations so unstable as to increase costs?
The supply chain problems are nothing but deferral of revenue. So it means there is something unexpected. I would say that $100 million worth of stock is material to the company… And to the shareholders for their investment decisions. Management should be forthcoming with what the problems are
Comment by
steve957 on Dec 15, 2022 10:03am
they say this all stemed from a hoist rope and leach tank ??? any ways dont take long for an @the market equity program to crash the price,,,wonder how much lower it will go ?