InterestingSkeena managed a slightly up day while there was general weakness in the gold space.
Reunion and Equinox both got clobbered on bot deals. I am AOK with SKE delaying their equity financing into early next year. I don't think I could handle two shipwrecks before yearend: tax loss season and the financing.
I actually LIKE the Equinox move, selling convertible debs. I realize a lot of people hate this kind of financing because it invites a lot of short hedging. I still think it's preferable to have a convertible that becomes equity at $8 or more rather than issuing much more stock in the low 6 vicinity, heaven forbid even high 5's.