the dealBasically the capital raise was a very astute deal by mgmt. They saw the weak market reaction to a great hole, one that should have rightfully doubled the share price in a good market, but they also saw some big money being offered up. Right now you take what you can get in this market.
The rest of the season's program at Caspiche isn't likely to come up with anything more spectacular and neither is drilling at Cerro Moro. If there was going to be a peak in excitement, it was that hole. With an additional 25 mil in the bank, it gives the company some options not to mention a nice consolation prize. When the market gives you lemons, you make lemonade.