Latest Bought DealMy first reaction was utter disgust and WTF. After couple of shots of Hibaki (single malt), the financing made some sense. My issue is the timing of this bought deal. With rising POG and our share price, the cost to the current sh would have been lessened if a deal was done later in the year.
I heard Greg is on vacation. Would of liked to picked his brains on the specifics of this deal.
Yes, this deal does further de-risks this story and brings in number of funds that will support our share price going forward. I think in a year and a half from now, this round of equity financing will have little impact on our market cap. Obviously i'm still married to this story and likely will see it till the end.
God Bless the Longs.