RE:RE:Metalhead1. As I noted on the SKE site, the fact that Walter sold $350k of shares in early May at a price 1/3 higher than the PP looks bad.
2. Yes, there were no warrants in the PP but the discount as unusually large. SKE is down 28% in 2 weeks!
3. But, I agree that there is usually a negative over reaction to PPs and I think this was the case with SKE as the PP only increased the share count by a bit more than 10%.
4. I increased my position today.
5. Gold stocks are caught in a downdraft. I also increased my position in ORE and IAU.