RE:RE:RE:MarketAnybody who believes the full amount wasn't already lined up ... rather ... $8,000,000 was sought and in two hours $16,000,000 came a knocking would be a complete fool.
All that happened was a cheap raise that was justified after they ran it up on that one hole result and then the applicable discount applied making all look kosher.
The upsizing tout was an obvious pump job and they did as terrible a job of pumping an upsize as one could do. Timing is everything ... maybe a engage in a bit of foreplay before unloading the works or was it a case of any sign of foreplay and the load is shot.
Once they dropped the short form you new this was coming at some point in the near future and here it twas.
Of course they need cash to keep the tout of a drive alive but let's not give them a pass on their inability to drive it to those ever increasing raise terms that Clark insisted was the highlight of managements ability to raise.
Enough talk already ... run this thing up into dolla' land or STFU about how great this deal is as market price tells the tale of the tape every time while market cap is simply an illusion predicated on dilution.
If all they do is continue with the same ol' same ol' then this keeps getting diluted ... market cap increases to some degree and market price continues to suck the big one for the foreseeable future ... and that foreseeable future only goes as far as Clark ... Riopel and any other Sentient kin to boast some kind of legacy for building out a mine.
It closed at 50 cents ... that shows how much they suck at creating real value over the illusion of value via diluted metric market cap.
Some things never change.
Have a great weekend all !!!