RE:RE:RE:I am BUYING TODAY! - date. It was anticipated the Company would not be in compliance with certain financial covenants and accordingly obtained the waivers to prevent a default event which could trigger the Loan Facilities becoming immediately due and payable.
- On November 2, 2023, the Company announced the sale to Franco-Nevada Corporation and certain of its subsidiaries ("Franco-Nevada") of an additional 1.0% net smelter return ("NSR")
Crzzz---read this and ask yourself if, according to the king's english, if the new NSR mentioned relates to the situation printed just above it---the impression is that the money raise is dealt with by the NSR. Then the 223,000,000 share dilution. What are they setting up if not a rollback. imo they will do 5 not 10 because either way the SP reverts to about $1 and a 5-1 makes for a very reasonable share count.
Therefore I remain skeptical as to your accumulation and abide a growing cynicism about how this pumping community treats unsuspecting retailers looking for a bargain. There's no free lunch. IMO