RE:RE:Market cap drops to $300 million after hours..LOL! It's absurd. 7% dilution to grow the resource and advance the project and the stock gets clipped for 15% ....stupid. So I bought some more in AH for 4.45 Everyone is so terrified in this space now with gold dropping and worries over financing they shoot first and paint everything with a negative brush.
Projects don't get built with pixie dust! Equity dilution is how SKE came to be the project it is today.
$30 million buys a lot of drilling and additions to the resource and I just got some more shares marked down 7% on a few panic sell the news shares.
What does bother me is the price and the fact that it's obvious this was front run with some short selling by the criminal Canadian banks. Of course they will have to cover and buy them back so in the end it's a big nothing burger