RE: Brigus Gold closes $30-million Bought deal RE:"Everyone knows it is a rip off but when you really need the cash and there is no viable alternative at that time ...
[S] Recall Apollo's financing at the dephs of the 2008 financial crisis. Thus BRD's streaming agreement, while NOT the most ideal arrangement, it should be compared to the deal with the Aussie bankers. In this environment lenders are very risk averse. Thus while a bot-deal has historically been positive news, the "market" continues to ignore BRD's increase in resources at Grey Fox.
The PEA is scheduled for release in November, historically a PEA was an automatic/synomous with a "re-rating" of the PPS.
BWDIK? In this market, lenders apperars to be risk averse. Maybe after the US (re) election reality MAY return to the junior markets.
Cheers
Stanley