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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Comment by cyanide5on Apr 09, 2024 7:12pm
155 Views
Post# 35980192

RE:RE:it was the same with viszla...

RE:RE:it was the same with viszla...

CXB raised at strength at a very good strong stock price. They raised after considerable appreciation last 9 months. 


IAU has not only raised at all time low stock price but the dilution is massive. It's almost 20% of the outstanding share count. If that was not enough they gifted half a warrant at 2.15 which is 10% higher than where stock traded only last week around $2. The warrants were issued for 4 years. Seriously!!! Very desperate move and giving away the top upside of a strong company especially when the PM market is just turning.  They raised 20$ million only in Feb so it wasn't like they were in need of urgent money. 


this wreaks of desperation and is extremely disappointing. Mgmt have cut the long term upside by a good 50%. 

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