RE:RE:RE:selloff is overdone
Sell of was far over done, it is even trading below the issue price for the new shares. Actually, considering the funds raised the dilution is much less than 10% and the company will now have increased assets of about $14 million, so really I see the impact of the dilution as being in the 2 to 3% range, so the sell of was insane. Obviously, there could be a small over hang at C$3.20, the issue price if buyer wish to resell at a quick small profit, but that is it. Last week the same thing happened to TV when it issued shares 20% below mark, but the shares were over subscribed and now the shares are trading right back where they were before the dilution. People who bought on the panic, like I did, made a quick 20% in about a week. So I was in buying today below C$3.00 as it is a steal at these prices given the outlook for the company and for uranium.