RE:RE:RE:RE:Short term down but very good for longer...Well ..... it's a silver mine, a small silver mine ... 1 million ounce silver production forecasted per year with 16,000 ounces of gold per annum ... I like silver ....
..... maybe they see more exploration upside .... decent silver grades ....
I don't like the price of the financing at $0.22 ..... that is a 22% discount to yesterday's market close.
Nope, don't like that price at all, or the attached warrants at $0.30 .... not for the amount of dillution involved .... I don't see how mg't could consider this being accretive in any sense or metric .... unless they know something about future silver prices ....
...... maybe they'll let shareholders buy silver bullion directly from the company at spot after refining costs without any premiums ?
In the meantime ..... down we go tomorrow.
GLTA !