RE:Whats the plan now?I have to agree. Was hoping this week was the week the SP would move but AGG is trading like shite given POG has been holding around $1500. I'm going to be mighty
p!ssed off if they reprice as the dilution will be brutal given Bharti et al have already gorged at the trough at 22 cents (< 3 cents pre-conslidation).
I just as soon they pull the offering until the new year. They should have enough cash in the kitty to comfortably do that. Also, pretty soon we're going to be into tax loss selling if we're not already.
Usually gold market is most bouyant in the new year plus we should start to have some tangible news flow like drill results and ideally something other then infill. I like the constant flow of news releases as it's good to keep us shareholders informed but the bottom line is most of this news isn't of the variety that's going to move the market.
Have to wonder though why the h&ll they would have announced that financing if they didn't have their ducks lined up. Very disappointing. I still say Kobada is a hidden gem but clearly the market doesn't agree at the present time.