RE:Updated presentation
Thanks for posting the updated corp. presentaion Cerebus1101.
It indicates a $10 to $20 million raise. Looking at the share price today now with last trade @ .24 cents a major or a fund will want a discount to where it is trading, so lets use .20 cents for a $10 million first round. That is 50 million new shares and I would imagine they will have to give a 1/2 warrant at least and let's hope not a full warrant.
116 million fully diluted shares out now, this scenario would add another 75 million shares fully diluted with a half warrant. Now getting very close to 200 million shares outstanding fully diluted. A full warrant takes the count well over 200 million shares out.
The financing everyone is waiting for could put a monkey on the back of MMV, and with the warrant overhang, will need a rising gold market and for sure results to move the share price out of a trading range. Doing the infil drilling will take a while to add ounces to lift the share price. Will need the deep holes to really hit. It almost looks like whoever is coming for the financing is putting the share price where they want it.