RE:RE:RE:RE:What does $2600 or $3000 dollar gold not solve? yeah, the market ia assigning a zero to negative value for the mining operations side right now: it is seen as nothing more than a drain on cash at rates well beyond mgmt's ability, at least to date, to properly assess the cash and working capital impacts.
and as NFG is showing in spades, the market is paying little to nothing for new drilling releases. Unless mgmt can tie drilling to increased take out probabilities, then all drilling does is bring forward the next financing date for the traders to exploit.
The only plus here to cross fingers for is that they raised about 150% of what the mgmt had targeted as necessary- if they can show discipline with this last raise, it would provide a nice bounce imo.
BearKiller wrote: The stock is trading down here because there's a lot of uncertainty. The company needs to show that it not only doesn't need another capital raise, but will be able to service their debt when it's due. I fully expect the annual release with the quarterly update to go a long way toward doing that.