RE:RE:Derek is a genius!!! Sprott got burned on PGM. Now they want Ascot to dilute the equity holders to tighten up the drilling because their confidence is shaken. Derek said no, which was the correct response in my opinion. Ascot will get money from the streamers or another lender. So be it. The NAV is unchanged. The analysts are cutting NAV based on the mine start being delayed by a quarter or two quarters. Not sure why they think it will take that long. Multiple parties have already done due diligence on the property.
I wonder if it would be better to buy back and resell the stream now to get the cash. The share price is too low to go for equity.