RE:You would think ... The price/warrants price/size was predetermined way before today. Likely explains why the price was so suppressed every time it tries to move up, so the financers get a better price on the deal. The same scheme/game financers play. Greenstone and Triple Flag will be guaranteed to participate to own more of the pie for less.
The recent announcement is a little more than a 20% dilution (48.5mil shrs) if all warrants and overallotments were exercised. If management can actually get this thing to name plate levels, perhaps the financers will help push up to a less rediculous valuation level. Now that the financing is done, perhaps the wellheads will magically work to capacity... Than again, if management give a timeline of later this year to bring to nameplate, they could very well fit another financing in before year end.