RE:private placementslive46and2 wrote
Another private placement. More dilution. Wondering if this will happen every 6 months or so. They seem to raise more money how?? Who keeps giving them more money to waste?
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If the just announced private placement and loan are exercised in full along with the just closed private placement WGC will have raised around $7million CDN. in the last few weeks. They should have the mill ready to go soon having done a lot of repairs in the last months and should soon start producing gold and cashflow. They should also have a lot of ore stockpiled ready for the mill to start. The only good thing about all the dillution is that someone is willing to give these guys another $7 million Cdn. so they must see something good here. Personally with the way they have performed i doubt i would give them another $5.
If they cant start making profits with all the money they just raised and the mill ready to go soon then i doubt they ever will.