TSXV:FCO.H - Post by User
Comment by
AyuFanon May 09, 2018 2:49pm
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Post# 28006647
RE:RE:Has to be a reason they are holding SP around $1.40
RE:RE:Has to be a reason they are holding SP around $1.40There's a few ways to raise equity, however, I agree we will definitely have some form of dilution.. but probably it will be diluted in a form of equity infusion by the off-take partner.
i.e. Barrick Gold today just bought 20% stake in Midas Gold at 1.06$ when Midas closed at $0.75 previuos day and they have the option to add a director of their choice.
they could also get a private loan from the offtake partner.
they could also get a loan from the bank
in any case.. with off-take partner.. i think that news is bigger than the dilution (if they don't foolishly gives away the shares pennies on the dollar.