Expansion of private placement....hmmmmThe expansion from 25m to 38m....most likely Oceanagold exercising their anti dilution option to participate. I look very positively at the dilution....between the two holders (Goldcorp and Oceanagold) , 8.8M shares will be tightly held, with the piggy bank being stocked for some time to come.
Battle mountain assays should be arriving from the first hole soon, and along with what GSV has going, I would guess that the private placement investors will do well on their bet. The price of gold is fluctuating, and should find a direction once the US election is out of the way....the spendocrats will stick their fingers in the spokes of the market, and I believe that gold should do well in the coming months.
Picked up more today at 3.21 today.
Cheers
MC