RE: No Drilling News
True Sabina doesn't really need this money, but it may be "depression mentality".
It is said that people who grew up in the Great Depression were ultra frugal later in life even when the economy was OK, because they couldn't shake the memory of the Depression and wanted to be sure that if it ever happened again they would have savings to draw on.
Similarly, precious metals juniors went through a Great Depression in 2008 and a company, no matter how promising of one, could not raise a dime during the downturn.
I'm sure a lot of mgt of junior companies have that period deeply engraved in their memories. Those companies that now have the good fortune that their stock has done well and they can raise substantial cash without diluting the company in a major way, it has got to be totally irresistable to go ahead and do so. And my personal opinion is, why not do it?