RE:goldshore
As I understand it, the ATM is to be used for additional flexibility should they need a bridge from the short-term as they ramp up kiena. The don't want to have to rely on there 150m revolver, and stress the balance sheet with excessive debt.. Should they need the ATM, it will be used strategically and not expected to use the full 100m.
Well IMO, if they are going to use it strategically, they will need some pretty good news to bring about a rally into the stock, so they could use the ATM opportunistically. We will see.