RE:Did i miss some newsAscot got funded. Headline number is $200 million.
Gets me to thinking Skeena should raise some bucks at $8 plus. We all saw what a complete disaster they engineered in raising a VERY MODEST amount ( $30 million ) at $6.05 a few months ago.
Note to the arithmetically challenged: Raising money at $8 plus is a huge improvement over raising money at $6.05. Like about 35% better for us shareholders.
Sprott recently commented on the possibility of SKE raising money to fund early works. Obviously, Sprott has been in touch with the co. on precisely this idea, if not more. I think SKE should nail down $100 million at $8 plus while the nailing is relatively good. Of course it would have been FAR better to have issued stock at $15 a short six months ago.
Point is, selling stock at $8 or $9 is a huge improvement over dealing with bloodsuckers when they know you are absolutely desperate for funds.