RE:RE:Wednesday Close at NEW Low Share Price
They do have cash in the bank. No need to dilute anything now. When they move ahead on building a mine they will need ready access to capital, but that cannot come from equity sales at this price point. Now if they make some deals to infuse capital (sell part of the company with off-take guarantees) then the share price might move high enough that secondaries of a few million shares at sequentially higher prices as project advances could play some role. That is where the capital markets work. Selling ever more shares at ever lower pri ces cannot work.