why raise more money at such a low price?They must have a bunch of results by now. Aren't we all expecting that when tax loss selling ends, and they announce the drill results of a probable third pit, that the price should be much higher in January?
Isn't it a better time to raise money when the shareprice is much higher?
For those in the flow through pp, SGNL gets .17(loses some forward tax advantages), but the buyers of the flow through pp get warrants and it only costs them about .10 after tax breaks.
Why not wait until January?
puzzles me. There is one CEO that I have monthly contact with... he tells me you have to raise the money while you can.