GREY:DRGDF - Post by User
Comment by
dhparon May 21, 2013 4:01pm
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Post# 21422731
RE: RE: RE: RE: RE: RE: RE: Detour Gold arranges $
RE: RE: RE: RE: RE: RE: RE: Detour Gold arranges $ they had to do this. full stop. whoever did not sell on the last run up was naive imo.
i was disapointed with twice changed guidance and no hedging in place. that's what you get when you go in bed with such a crook as Paulson.
on a different note, this solves basically all financing problems. the deal is bought so all is secure. these guys will survive which you were not sure of as recently as yesterday. there will be 20m more shares but on the other hand there will be 13m share less as it is now very unlikely that the convertible will convert at $39 bucks. so in fact not that much of a dilution. i guess some of the secondaary will go to cover short hedges of convertible note holders as they will delta hedge the exposure going forward imo.
so DGC should create a nice base around the placement price...