RE:Early Tax Loss Selling Still watching, not surprised to see the lower price, they need cash to pull this off. Will management be lean and mean, hard to say.
As for the dog days of summer if you look at the Venture it's been in its death throes for the past year. Volume is half of what it used to be (on a daily basis) sometimes a third. The TSXV has dropped from over 1,000 points down below 540. Juniors are struggling to attract investors so in essence MAE were fortunate to get this funding even though they had to sell their soul. This will be MAE's last kick of the can, they either turn this $8 million into a cash positive operation or they go under.
I'll wait and watch, primarily watching because I like their hard assets, they have good value, but management have to conform into prudent accountants coupled with lean mining operations to pull this off. Don't waste the cash !!