Disappointed
I´m like others also disappointed. The have stated earlier that they are fully funded for 2018 and that the PEA is also fully funded. It means they were talking BS?!!?
In my opinion they should not drill for the moment in RV, because the deposit is already there and potential buyers should already know that. They shoul instead concentrate in the PEA and if there is money left drill in the new property in Alasca.
I agree also with fedor, why not sell stocks/other assets instead of more dilution with a new PP.
In March 2018 they had 1,3 M in cash. It is not that they needed the money right now. Maybe they saw the stock falling more and more and decided better do a PP now instead of later?
And as I have stated before, I dislike that they prolog the deadline for old warrant. It is´t that I´m against warrants, it is just that if you decide a timeline for warrrants, the timeline should not be changed.
Cheers