RE:RE:RE:RE:Quite the chart lately….Why should the $30 million share issue price be so much lower than the market price?
Dilution and risk, the usual reasons. Fully diluted share count may now be 350MM.
The gold notes bear 12% interest, payable quarterly, about 800K USF beginning 1Q26. Note that the gold notes are unsecured debt.
Also, no startup date has been announced yet, but delivery of gold to escrow is to begin after Jan 1st, '26, at 750(?)oz/quarter at $1800/oz. The cleanup of gold traps (initially 750 oz, but possibly up to 2500 oz total) should cover early deliveries without startup if they reserve it for that purpose.
Hopefully a startup date will be announced soon.
Discl: I held shares of Pure Gold, sold early and only had a small loss. Not presently holding WRLG, but watching it. 66 cents looks pretty good now, considering it.