RE: NewsIf you look at the company's website, there is a new presentation posted. It says they will need just $2 million in 2007 for capex, but would like $10 million more for expansion/growth.
Thus, if the stock sits down here, they wouldn't do more than a million shares or so, and if it goes up, probably no more than 5 or 6 million. Either way, big deal.
A 10% decline on this news, with silver, zinc, and lead hitting new highs and all the great things the Dragon has recently done?!? Are you kidding me?
Plus, the company will probably be self-sustaining from a cash flow perspective by the second half of the year, so the equity raising era will likely be over after this deal.