RE:RE:RE:RE:RE:My take on what's going on....Can't see KOR listing on the NYSE.... ever
I can see them listing on NYSE very soon maybe in the next couple of months and this good for us as it will increase liquidty. A lot of large US players and funds won't or can't buy stock on the TSX so the US listing will make it much easier for a larger pool of funds to get access to Corvus.
Part of the reason for raising this money was to increase their working capital as the NYSE has some restrictions for listing. i am not 100% sure but believe the stock must trade higher than USD 2 for more than 60 days and they also need a certain amount of working capital.
This latest raise brings up the working capital and it also gives them the money to really drill this project.
Right now we are very close to the USD 2 mark (need about CND 2.70) but a few more good drill results and a slightly better gold price would put us there.
Hold on to your stocks, 4 bucks is coming soon and then it will depend on the drill how much higher it can go.