Post by
Lafajet on Mar 25, 2021 7:36am
News
https://www.newswire.ca/news-releases/questex-announces-non-brokered-private-placement-of-up-to-8-136m-including-strategic-investment-by-skeena-resources-846153836.html
Comment by
HornbyBay on Mar 25, 2021 1:23pm
JF - Excellent analysis. And, FWIW, I think the financing will be oversubscribed. The big boys know that Questex likely has the goods - just needs drilling to confirm. With the technical expertise know in place, together with the funding, I like Questex's odds even better. Disclosure: I own shares of Questex, just my opinions, not investment advice.
Comment by
Inept1 on Mar 25, 2021 2:21pm
Dilution has to happen one way or another. I like the flow through shares and no warrants. In general I'm usually not very happy with the timing and terms of private placements, but this looks good to me.
Comment by
jfan22 on Mar 25, 2021 2:31pm
In my previous comments here I outlined what my problems with dilution are. A raise that's about half the company's market cap could have been much worse for dilution if management hadn't lined up big strategic investors without any sweeteners. The terms of the deal are excellent.