NEWS! QRC Announces Follow-on Investment in Los Andes Copperhttps://finance.yahoo.com/news/queens-road-capital-announces-investment-120000518.html
News out today that Queen’s Road Capital has put up an additional US$4 million into LA.V. Warren Gilman had wanted more shares and he’s got it now.
What I like about this is the big 30% premium on the convert - $19.67! If someone so close to LA.V is paying this kind of premium, it continues to validate company being undervalued. As well, Gilman likely isn’t concerned about the recent endangered rabbit/cat injunction issue affecting company’s path to salability (will very likely get resolved), so that’s a second positive. And lastly this cash will ensure they can complete the PFS which is what is needed to sell the company at an attractive price.