RE:RE:RE:RE:Investor Webinar on June 25th at 10:00 am EST They spent time introducing the new BOD Chair and Vice Chair. I didn't really look at their CV's in detail prior to the webinar but now have a better sense of their skillsets and personally I think these will be good guys to have on the team as they have extensive financing and M&A experience.
Other then that it was basically a run through the new presentation but Callow did emphasize the next phase of drilling and where they'd be drilling.
Nothing on the path forward re: mine financing to production but I think it's a little early for that yet.
I still think we have a good shot at a valuation reset here if they can move more ozs into the reserve category with the next stage of drilling. If they can increase the NPV and raise equity at 60 cents+ the case for creating value is still very strong.
I'd also be curious how a streaming or royalty type deal could come into play here. Would that type of financing make sense given today's POG? How dilutive would this be vs. an equity raise?? I don't have enough knowledge about this type of financing structure to comment much further but I know the previous management group looked at this. Going by memory I think the reserve at the time was too small to generate interest and POG was around $1200 oz so they thought streaming would be too dilutive. I would think at $1700 POG the deal metrics would change somewhat. GLTA and stay safe!