RE:RE:What gives with the share price?
You may be right about the share price, another PP and delayed drill results.
On the other hand, a new PP could be blessing in disguise for MND shareholders if the new PP is to raise capital to deal with the onerous loan terms. There is a big difference between forced selling price at 1660 and current gold price. Let's say we only have to sell 50,000 oz at 1660; that would be a loss of $3.5 mill a year at current gold price.
What if MND raises $ 20 million at moving average of $1.80 or lower without warrants? The new capital could be applied to repay in full the three year loan with MND taking advantage of the expected uptrend in gold this fall?
The timing of the drill results is interesting. MND did indicate the drill results release in the month of June. As I understand it, the expected results will be from non Youle zone veins, but I may be wrong. The point is it is in MND best interest I think to link the drill results to a possible PP and I see nothing wrong with it as long as the raised money is used to speed up the loan repayment and enable MNd to escape the hedging of the gold under the renegotiated loan agreement.