RE: I Like It!
One reason I like for them to keep raising a few bucks as the stock goes up is that I believe it helps "lock in" a floor on the stock price at ever-increasing levels.
I believe last time they did shares above the current stock price so I'd say aim for a placement of like $10 million or so at 2.75 or 3.00.
I believe that helps cement the floor on Sabina stock in the 2's. There's a little dilution, but geez the way the drilling is going the new stuff they find per $ of new money raised is liable to far more than offset the extra shares of stock.
And, I believe with new investors in at a "ground level" of the 2.50-3.00, it makes me more confident that the stock is liable to hold that level and thus I am more comfortable hanging onto all my remaining shares.
So, you raise cash to find more gold and stuff, it's probably not even dilutive after considering the new minerals they find based on the exploration work that was funded by the new $, it improves the economy of scale of their projects further, and it helps set a floor on the stock at the current level.
Seems like a win-win-win-win to me.