RE:The extra questions from COMEXThanks for doing this DD tinker. Hopefully at the Dec 15th meeting, COMEX makes the recommendation.
As for the financing itself, it is true they did not need it. They had/have about $8Million in the bank but decided to do the financing. My opinion, as I've stated before, the financing was not to negotiate a deal with a potential partner. That is far from the truth. I truly believe they already have a partner but cannot sign until the permits are in. So in the meantime, one of the conditions of the partner, was to accumulate some cheap shares since obviously once the permit comes and the partner signs, the share price will increase considerably.
So it was one of those....we will do a deal with you but we want some cheap shares to sweeten the pot. For those of you that think there is no deal in place, think again. They've been at this (looking for partners/offtakes, etc. since 2017). It's 4 years later. Did they really do nothing?? I mean I can believe that but I also believe they already have their partner. Just a matter of getting permits, then signing the actual agreement. We will see. Just bring on 2022 already. Tired of this bullsh*t