The offering of $90M is a good development $57 will be used to pay down debt. Swap equity for debt any day of the week. Will make for a better looking balance sheet.
Will save millions in interest.
Another $15 for exploration.
large shareholders and management taking up 75% of offering.
yep, dilution. However, there are more ounces to be found. The sooner, the better.
Just my $0.00002. Sherm