Private Placement ClarityThe story has been told. Management knew that Q4, and most certainly Q1, were and are going to be duds. Their last press release, which included new lower production guidance, confirms what is going on at Gibraltar. Because of the lowere production, they were / are hurting for cash and needed desparately to scrounge up funds. They were / are so needy of capital that they had to make a lousy deal to acquire said funds. Don't expect much more in Q1, if any, from this last report. They urgently need to close a favorable deal at Florence. However, I fear they will once again give up more of a stake in Big Flo than we would like due to current conditions. Still, in order to get to the share price range of their peers, they must announce a semi-decent deal soon. Heck, 10M of the annual 85M now goes to make up for Gibs fall in production.Wonder how much of this stuff they will discuss during the next conference call? Probably not enough. Regardless, a signed deal at Florence and sustained high copper prices will still get the share price well over $2.