RE:This feels like a buying opportunity.VoxContrary wrote: The co. essentially did an at the market offering of 3% dilution at about 23% discount to market exclusively to settle high-costing debts. Other than the share price of 0.432 CAD, the whole thing seems like a pretty normal balance sheet cleanup. I wonder why the at market share price at the time -- 0.56 CAD wasn't used.
Even so, we eliminate claims and claimants, and we preserve cash to focus on more mining throughput.
So - I can see why it went down 3%. I don't understand why it went down 11% from CAD 0.55 to 0.44 except that it's close to the price at issue.
I see the market cap of SCZ approaching $1 bn CAD in the next 2 years. I hope management will see fit to limit dilution to get there.
Slow and steady progress here...share price .53 today, in new '50s' floor. I think cash flow will fund operations--no need for further dilution.
The table for 22/23 is being set this year. I see shareprice between .50--1.00 this year, $1-$2 next and +$2 in 2023...and this with progress slow and steady not accelerated which may happen if the old charts are anything to go by.
Cheers.