Last financingMy take on why SBB is down is:
Obviously today is AU price but as a whole SBB has been weak. I think BM did a financing at the right price unlike the previous 2. No issue there. But many people thought the next step was finally a takeover/merger or a whole funding package for the mine and process plant.
What BM is giving us is more paper for a lot of money but for more infrastructure and some more drilling. Long term faithfuls are fine with that. Short/mid term traders are unhappy and selling.
BM is probably playing hard to get with the majors. Maybe this will pay off in due time maybe he will dilute us too much and miss the gold rallye.
At Gold above 1700$, the current weakness is a buying opportunity and despite the dilution, I still see us as takeover target in late 2020 or 2021. Canada-decent Grades-High tonnage, it will not get better than this eventually for the majors.
But we need AU to hold or keep going. BM is playing russian roulette. GLTA