I have been around..... Well you have two events going on today. As most are aware, Chairman Ben took the stand yesterday and spewed forth. Obviously the financial world did not like what it heard and reacted accordingly. Secondly, current events in China are creating problems in the market as well. The end result is the "Sea of Red" that is the global stockmarket today.
As for Stonegate, we have got caught in the tide. The announcement yesterday was good news. What it demonstrated was the company can raise money. worthy junior companies are wirthering on the vine for a lack of cash. Secondly, Sprott continues to invest in the company. If anyone chose to read the last paragraph of yesterdays N.R., they would have noted that Sprott continues to keep a 37% share in the ownership of the company. What this means is, Sprott will be providing additional cash to the company. This is a massive show of support for Stonegate.
As for the dilution. The company has a history of keeping dilution as low as possible. The management continues to derisk the project.
Best of luck
Kapboy