Number of shares Because of all the private placements Wallbridge has already 882 million of shares. Thats a lot for only being a junior mine. When you need more money at such a low share price.......And at the end only one thing is important : the profit per share.
Because of the higher inflation the costprice to build a mine becomes a lot more expensive then before. That's also the reason why takeover premiums become lower and lower. The most logical what can happen if the projects seems profitable is a takeover by Agnico.
But Corrower. What are you hoping for? A share price of 2 cad? I think you will have to be happy with 0,5 cad in the best part.
Selling Wallbridge shares at the actual price makes no sense. But I already want to be ready to participate in the profits because of the coming higher gold prices. And from that stand of view Wallbridge is death money
My logical choice :Agnico Eagle Mines. Agnico is destroying shares for 500 million usd. That's the opposit of a private placement.