RE:RE:RE:RE:RE:RE:RE:Q2 Shareholders Reportcskhurasu wrote: Does it trouble you that the financing is still not done and to upsize it 14% TUD had to drop the price about the same amount? And it still hasn't closed? I'm happy my other gold stocks are not issuing equity in this lousy market. Not a good time for gold investors.
It seems like many companies are having issues. A good example is Millrock which just sold all of its NSR's to Osisko for $1.2 million rather than try a PP. I felt that was like cutting off body parts. Tudor seems to feel they need to continue drilling at any cost. In the interest of getting the biggest resource estimate next spring they are probably right. The delay in closing the PP reaches until after the approval of the Spinout and that made this PP press release very complex (Special Warrants, etc). But at least they maintained the .251 share allocation per Tudor share and I appreciated that. If I was Tudor after this PP/Spinout experience I would look for a CFO to backfill the management talent pool since the top level is geology oriented. This bear market in gold exploration companies started in Feb. 2021 - 18 months ago. It would be nice to see a turn before the 2023 drilling season which could become very challenging across the sector. But Tudor will be doing resource estimates and PEA work either way. So the timing of the bear market will likely not impact the primary goals.