RE:Anonymous Still DumpingI don't really blame them. This is not really a value stock. 5% Discounted NPV for Kobada is 40 million( 50% of 80). Marketcap is now 31-32 million with the equity infusion. A one mine operation in Mali could very well still trade at a NPV discount when in operation.
All this deal does is solidifies FMs ability to milk the beefed up treasury as time goes by. Your upside now relies on either a higher gold price or future exploration success. Not risks I care for. However, the risk of this going to zero has been greatly diminished unless Kobada is a total flop.
This deal would have been more credible had there been no share equity dilution involved.