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Bullboard - Stock Discussion Forum PMI GOLD CORPORATION PMVGF

GREY:PMVGF - Post Discussion

PMI GOLD CORPORATION > 35 Million in Financing
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Post by dbraunraich on Feb 22, 2012 4:07pm

35 Million in Financing

At $1.25 a share?  why would anyone else buy shares abouve that price if you can purchase it from the underwriters at 1.25? 35 million is a good chunk of change, but do we need the financing now? can we get more for less or at leat the same for less?

Any thoughts?

Comment by OracleOfOttawa on Feb 22, 2012 6:02pm
it puts a good base under us, and lots of money in the bank when we go asking for a loan... they bought at 1.25 but why would they sell at 1.25? they are not a charity. In my mind, they are probably looking for a double, so 2.50? i always like to get in when bought deals are done, because i figure they did their due diligence :) If they are willing to pony up $35 M for essentially 10% of the ...more  
Comment by elmacanuck on Feb 22, 2012 7:59pm
Well you are sure right about the 35 million. For one to get 35 million in this volitile enviorment you would  have to have a very convincing story. There would be confidentuality agreements signed and some real info passed on in my opinion. My latest example of this was last week or so Lakeshore Gold announced the same financing of 50 million and bingo one week later ( today) LSG comes out ...more