thoughts on what’s nextThe PP will close and likely be over subscribed - it will positioned as a success and bitter pill to swallow.
Get this behind us and then start releasing updates on Atholville, and Langley.
This positions them to make move to TSX.
Then hopefully Ont comes on line and they get contract.
over next couple weeks - stock will fall to 2 due to the structure and flippers.
with news of achieving milestones we should get back to high twos and if they hit the production targets for 2019 - we should be back over 4.
so turbulence for now, but with derisking and share churn - we will start to climb off the new lows.
this financing was brutally executed, but the key is they hit operational objectives. We usually cut promoters in the business and getting the story out and managing the capital markets should be the easy part and we worry about the execution and they story is hopefully the opposite here