RE:RE:RE:RE:RE:MET.
just a guess, but I don't think we will see more Flow through (to drilling) financing until the deep pockets can see a bit of KK putting his money where his mouth is viz a buck an ounce. Typically IME financing tranches come with some conditions and stage 2 this year will probably be based on some success with the first 9 mill. That is of course if they have someone, it was strange that what I interpreted as a steal of a deal was given to tuo. Good for tuo, but was it a) heavily subscribed, tuo got the nod because they are insider and no desire for another chef in the kitchen at tud? If so heavily subscribed, then why the IMO low per unit offering closed? B) heavily subscribed and tuo got the deal because they made the best offer? And if that was the best offer, what do they know, that we don't soecific to valuation, cause IMO the PPS on the PP was south of the amateur FMV calls all three boards all winter. C) poorly subscribed, tuo was one of just a couple looking to buck up, so buy side had the leverage? D) not subscribed, and TUO was the only one with $, so jumped on the grenade to save the whole platoon (the season). Can anyone think of any other scenarios? Based on your opinion on scenario, what does that mean for the second (required if we are to get 60,000 meters of drilling) round if financing? The boards were pretty quiet on the last PP, all very obladi oblada, life goes on zen. Was surprised at the lack of discussion and opinion other than yee-haa, we have a season (start)