too vague firs dilution of 20:1
i think it is still to early to get in , no clarity i think !!!
they are still losing money at lach herbin with gold down , so will need an exter 5milj 2012 for drilling and operations + 10 milj in debt + equitity financing for the loan of 10 milj min makes 25-30 miljoen
so i think 20:1 split + min100% dilution with equity launch
nobody will get in before price of equity is annouced
and how about the hedge if it is more than 50% of production and below cash costs it will be very difficult to turn to profit with lac herbin at current cash costs , they will start earning money when loan is paid off and hedge is gone but that is 4 years later
any thoughts about this ?