RE: RE: RE: RE: bravoYup-probably no buyout in the works.
Just another opportunity for the "buddies" of the group to get another leg up on things. Didn't they just do a $6.5mill financing at the beginning of June? And here we are in for another one at the beginning of October. Right after 4 month hold is off ??
They don't seem to need the money-especially if there is good progress with the drill program. So the current financing might not be in the best interests of shareholders-other than those loading up again through the new financing. Otherwise, why wouldn't they wait to finance (higher) after more results are in ? There are several months to the flow through "season" yet to go.
Correct me if I am wrong-but is sounds pretty opportunistic for a select group. I hope not-but it sure looks that way.
Might want to be careful/nimble with this one... with this group....Do your own diligence.
J.