The "Offering" . . . The fact that the "agents" took this on obviously suggests they are looking for a return on investment:
the "Offering") of 434,000,000 common shares of the Company (the "Offered Shares") at a price of C$0.45 per Offered Share, for gross proceeds to the Company of C$195,300,000.
I'm just a simple technical trader that likes a beat down bargain so will leave the spec and numbers to others .... however, @ .45/share, GMT Capital and others seem ok with placing a rather large bet here.
Would love to be a fly on the wall to get a better view of their timeline for any plans/pump/movement of share price higher.