OTCQX:NGLD - Post by User
Comment by
SuneeDazeon Oct 31, 2019 7:00pm
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Post# 30294791
RE:RE:RE:Next Round Financing
RE:RE:RE:Next Round FinancingAs refreshing as I thought it was to hear Max admit that, Yes, we'll be needing another financing soon for the next phase of drilling; I'm not sure he did us any favours by openly stating that. It may be obvious since explorecos. live financing to financing, but if you're an investor...particularly an accredited investor, why buy on the open market now when you can wait for a financing that will be less than market, and goodness knows, come with warrants? And why would existing large holders not sell for the same reason (and rebuy at lower prices).