RE:Private placement for 0.05/share, #OUCHThis is an explorer, so it needs to raise cash to drill. And if you have two extensive projects (Mezquite and Pino) that need several hundred k for a right drill program - each, you need to get it done right. By only raising 2-300k you get a small-mid sized program on ONE property.
But trust me, the discovered values should be worth xx-fold what they spend. First, these properties look great (both) and are both surrounded by seniors who might lick their fingers if SSE finds something of value! In the case of Pino, none other than COEUR might offer a bid that will make shareholders very happy. This is my personal opinion...