Good Or Bad?Proposed non-brokered private placement good or bad?
Not quite unecxpected. The company needs money to keep this project alive, and I think it is positive that large owners will subscribe to the private placement. The company needs their support. I can't see them sell out at the first opportunity.
In the long run I think this pp will be in the favour of the company. The drill result will tell us.
Are you in here on a short term basis, then I'm not sure. The stockprice might stay at these levels for a while. But on the other side if the commodities prices keeps rising anything could happen.
I belive this is a winner.