OTCPK:CRZNF - Post by User
Comment by
bilarooon Jun 16, 2016 9:07am
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Post# 24970403
RE:Well, that's a new one.
RE:Well, that's a new one.Well on the one hand we knew they needed to fill the coffers in order to carry on with the FFS and development programs. So that is a plus and the project moves forward now in the near term.
But on the other hand it's more dilution so it's uncertain how the markets will respond. And I guess that's why IIROC halted the stock.
Kearney said on the BNN interview that up to 70-80% of the big financing could be senior bank debt, I think, and that total financing would come from 4 different sources, including a possible streaming deal, so how much more dilution through more shares issued should be minimal in my opinion.
So......it could go either way, lol. But the markets, being what they are, will likely beat down the share price, at least initially. So yeah, RG I agree with you.
I'd hate to be at the technical sessions this week. 375 pages of transcripts per day to sift through on the MVRB website. Can it get any more detailed? They are starting to count every bug and and every microbe in the NWT. Yet every weather or Seismic event does more damage to the environment in a day than this mine will do in 17+ years.