RE:RE:RE:RE:RE:No volume in the $1.70,sThnaks Jwall on your post. Of course increasing the number of drills increases the burn rate. Would have taught that they could have increase pre raise. Now what is your estimate of mobilisation/rig increase ? Anyway, in this business you take the money when it is available.
Mind you, they only have permits for 9 drill pads in the North Zone so untli they get more permits, ramping up will be limited. South Zone is still pending. Braziles ramp up might depend on the assays results so they can plan it.
Interestingly, there appears to be some problem with the owner's title on the north zone which is throwing a wrench in getting environmental permits and surface rights. Maybe the money raise for acquisition is earmarked partly to settle this ?
And yes on the private placement, i would have also dumped my shares to parley the proceed in the 1.70 shares + warrant. Tough luck. Would have preferred a strategic partner taking a 5 or 10% position but it is what it is.
GLTA