RE:RE:RE:RE:Raymond James expects 30mil equity raise - dilution coming?HatrikSeLaine wrote: As a reminder if this so-called equity future raise occurs, Raymond James is predicting it happens at $9 USD ($12 CAD). $30 million USD of dilution at that point is going to look like chump change given the 60% upswing in CAD share price form here.
It just goes to show what a guy misses reading some of these reports, if in fact you don't take the time to read them carefully. Totally missed the statement by RJ that conservatively we assume a near term equity raise at $9 ish for 30 million bucks.
An oddly worded statement in my view and how the hell would they just assume this? Near term in my books means fairly soon, stock trading at $7.50 range today is a hell of a long way from $12 Canadian. Who writes this stuff? Incorrect target prices, incorrect trading multiples that take month's to notice and correct. Is this analyst for RJ sleeping at the wheel?