OTCPK:LGCUD - Post by User
Comment by
benandemmibooon Sep 19, 2015 5:53pm
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Post# 24119118
RE:RE:shares outstanding fully diluted
RE:RE:shares outstanding fully dilutedOne thing that did not happen in the initially proposed financing was that Sandstorm no longer demanded Luna to also raise 20 million from shareholders. That extra amount would have helped provide the funding for some but likely not all the necessary new equipment recommended in the upcoming prefeasability...
By not raising the extra funds immediately, it minimized the immediate dilution, but means Luna would need to raise funds in 2016 to purchase any necessary new equipment (depending on what they learn about Aurizona in the next few months) or it means they sell the company. Their current plan seems to satisfy the hopes made by Sandstorm for the company in 2014, and I think their plan is largely focused on pleasing their primary investors at this point. Pacific, the other company heavily invested in Luna, has on the board people who specilalize in M&A.
Anyway, I do not personally expect more than 20-30 cents in a buyout, but I also did not expect the stock to drop to 6 cents Canadian. Looks like those who bailed out the company might get a quick double, and those who are buying now might get a triple or moreso. That said, stock has only drifted downward since my initial investment in May, and it's very lightly traded, so my optimism in Luna under the Leduc reboot is tested on many days.