RE:RE:RE:RE:RE:News: financingThe news release further states that "It is anticipated that insiders of the Company may participate in the Offering". It's reflects very badly on the Company when Management will cut the stock price by 10 to 15% just so the insiders can stuff their pockets.
Did Anaconda really need this money now. The Corporate presentation for June states that Cap Ex for Goldboro is fully funded for 2019 and they have 10+ million in working capital. Why couldn't they wait until some positive news gets stock price to a higher level. With everything going on they should have some good news in coming months like bulk sample, drilling or positive progress on Goldboro or Argile projects.