RE:frustrating seems like its being held down??The bought deal still means that the underwriters have to sell the shares to their clients.there probably is a short but short term and temporary in nature-a normal hedge and a way to squeeze a few extra pennies.
I was was wrong about the nature of the financing but now done,makes sense.
This will be a clean outfit beholden to nothing (current royalty deal excepted) sans commodity price so mngt should have the time to exploit properly now.
If jv not in the cards and no more royalty sales then too will need more capital come fall.many ways for this to happen so no fret yet.
Meantime,I see 30 % upside in 6-8 weeks from today's sp just with the status quo.
I topped back up but just me.
Sidebar-keep an eye on the g&a costs per boe.
First day of summer-no flood,no fire,no new taxes for a month-ENJOY friends