RE:RE:RE:RE:Updated FSI turned off the webcast when i heard "...I can't discuss because we have a open offering in the market"
A series of miscalculations and errors by an explorer trying to be a miner. Where is this converstion now if the EA was not delayed? I don't care how complex the process was, having that delayed put this whole situation in a different hemisphere as far as the gold market and most likely costs as well. It was critical to do 50% more than required. Maybe my thinking is incorrect but I doubt there was much interest in *the big*financing prior to EA approval.
It would seem the mine costs are higher for reasons other than inflation (or img - it should have been revised prior!). Construction materials are lower today than a year ago - in my world anyway.
You have a financing where it appears that some houses could only fill 20% of the demand. what the helll does that say about the pricing? Scotia was closed the day of the halt. cibc said to call during working hours and was closed the next morning when i checked. Was it purposely sold down...sure looks like it. Stepping back a moment from that conspiracy theory (which i dislike) is the lesser....not much interest at least supporting it by backers when they knew what was coming down the pipe.
As much as it truly pains me, i agree that delaying the financing till after the FS would have been a gamble I would taken compared to this horrendous dilution. This BS about worried about where the market is heading in x months. gold will recover at some point. Without the killer financing, this was always a top takeover target.
How much skin in the game does management have? I mean their own skin - not options? Has there ever been interest of a takeover - i sure hoped that would have to be disclosed. Little skin in the game, their own jobs at risk. the whole thing stinks.
The warrants are just truly insulting to any long time holder - especially in light of the demand. To me it adds incredible resisitence....I would have loved to buy 50-100K of this offering and sold the stock.
tC
and cannacrap is a big red flag!