RE:RE:CormarkStefan Ioannou - Institutional Equity Research - Base Metals at Cormark. Whilst the One and Only Sooner doesn't have a PHD like Stefan....he's wise...very wise....and yes, you heard it hear 1st...he's sticking with his $6usd prediction. Copper and Gold increases keeping up with share count dilution...which should be DONE now until this asset gets fully permitted and sold off!!!!!
I followed up with him on another email....trying to pry something out of him ---- telling him i was hoping he could at least respond with something like....
“while I cannot speak to how others participating in offerings and their thought process/intentions, I can say from my experience, that 90%+ (or the vast majority of time) that Cormark participates in an offering like we just did with WRN, we would already be covering the company in our research –or- if we didn’t we would initiate coverage”.
---------------
Realizing if Cormark is a large holder of WRN (as I am) we are both better off of course with more analysts covering WRN to drive more natural buyers than sellers of the stock with more visibility. I would think Eight Capital, Raymond James, and others that participated in the offering would feel likewise so just curious from your experience with Cormark on that thought….only your experience and I fully realize you are NOT knowledgeable about other firms intentions.