Good dea, Bad deal!Only time will tell but for now the market seems to accept it.
Let us not forget, this was a bought deal by an underwriter that took the entire PP. There was NO COMMISSION. Normally, a PP carries a commission of 10%. Bottom lie, GWY got the equivalent of $1.10 a share. Not bad to load the coffers with 25 million. It gives GWY the funds to do all the things faster that everyone is carping about.
No free lunch with speculative stocks, but the speculation is coming out of GWY. I'm in for the long haul. Splitting off Vetas is smart in my view, a possible boon to investors and a chance to double up with good results from both operations.
Quit second guessing management and look at the positives in their decisions, or leave the stock.