NYSEAM:ANV - Post by User
Comment by
goldguy007on Dec 14, 2014 10:07am
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Post# 23228583
RE:Colossus
RE:ColossusWhy does a miner such as ANV issue a placement near what we think may be a near term low?
They are trying to survive, dude!
If you look at your balance sheet and see that you can't meet your obigations, you have to take action or die.
I don't fault management for this offering.
ANV needs funds to survive.
The future is unknown and so is the POG.
Those of us who are bullish on the POG should welcome mangement taking action that allows the company to survive.
ANV has assets that are worth a lot at a higher POG.
But, they have to survive to benefit from a higher POG.
goldguy