GREY:RNKLF - Post by User
Comment by
BillionaireBoyon Mar 26, 2019 4:21pm
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Post# 29538987
RE:RE:Back in @ .50
RE:RE:Back in @ .50LOL I sold those @.70. This morning I was thoroughly disgusted by the $25 million in share dilution. I was wondering if management was just taking advantage of the shareholders. However, taking into account the large nuggets they have extracted I believe management now feels that they can afford to pay the $25 million cash and the balance of the deal they opted to do in shares. With the mill it looks like they are setting up an operation like Kirkland Lake also has in Australia. I am sure that the company would have discussed this with Sprott before undergoing such a large scale transaction. GLTA Longs