RE:Lets see......." this is that category "I listen to all of their interviews and I was surprised to hear in 2 recent interviews that they would need to raise capital to do the planned drilling at Committee Bay and Homestake.
All I heard until then was that they were funded for 12 to 18 months.
IR confirmed this working capital was meant just for Eau Claire, not the other 2 projects.
I think at least they could have been more transparant about this.
It seems I'm not the only one that didn't see this coming / misunderstood.
My belief in the team is very strong and remains strong, I just hope they'll make a game changing discovery within the next 2 years. If the stock keeps drifting lower, a 3x return will be necessary just to break even.
I'm very much looking forward to remaining of the year (including listing of Tier One and Sombrero), and I agree with Juneau, hats off to them to be able to raise capital in a blink of an eye.
Speaking of Sombrero, does anyone expect a listing in Q2? They aren't to blame for the backlog at the exchange but I do feel more realistic timetables would be appropriate. Expecting a listing for Tier One end of february and filing for a listing early march isn't compatible.