RE:RE:RE:RE:RE:RE:As i Expected! Getting ready to scale up!Been waiting for an entry point and this is my opportunity. Got a kick in the nuts when GLH did something similar recently. Bought in to start a position on decent news, then shortly after came an equity announcement. Down went the stock. Although it does give me a chance to average down the position. People should be thinking the same here. They are not looking to raise money to pay off debt.
When they raise equity to grow it is a good thing. And when they do it through places like Dundee it brings in a different set of investors. Now they will be promoting the stock, issuing research notes, etc. This also means that people who missed the boat on the last run up want in for the next ride. It will be an overhang for a few weeks until it closes. But look to see if it gets oversubscribed. News is coming and this is the way the rich play it. Get shares cheap (instant way to drop the market), sell on the way up to the announcement. Just ride the tide.