RE:Well there it isSorry not a lot of time on my hands for an in-depth reply. Yep I know the relationship inside out. And EQX have stated why they need this money.
BUT:
The questions raised by this sale are 1.) It's way below the 30 day avg, 2). Who is involved with this syndicate is it completely arms length or not. 3.) Did this pending sale of shares have anything to do with the large short position. If it did it raises another major question. I'm sure you can figure it out if you look at where IAU has been trading and when the shorts were placed and the differential between that and $2.76.
I think they are very serious questions that need to be answered.
Got to run, extremely busy, let's see what happens with this transaction.