OTCQB:UEXCF - Post by User
Comment by
rovaniemiroveron Nov 19, 2019 9:48am
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Post# 30368922
RE:Thoughts on Flow through shares
RE:Thoughts on Flow through sharesnewcore, if management of these companies strongly believe their share price will violently take off, then they would wait for that to happen first, before doing a new issue. leaving so much money on the table is stupid. it is difficult to understand why doing a financing now makes sense for any of them, especially if they have enough cash to get them through to the top of the cycle, rather than the bottom. the only positive thing for UEX is that it wasn't a lot of shares, but really, $1.5 million raise? For what, the McLean Lake drill program? They have the cash now ... should wait until the cycle for uranium prices turns higher in the 1st quarter of next year and then do a share issue at higher prices and bring in more cash.