Discovery Silver Corp T.DSV

Financing

[9rookie]

Haha , Did we  ( Retail investor ) ever get screwed ! Why take 50M now , why not push fast forward and get all the necessary studies done , and then get the 300M for mine development , So after this 50M are they still going to need 300M for the mine or can they use some of this ? What happened to fully funded up to decesion to build mine ?

[cbew]

9rookie I'm with you on this one!  I feel they should have done what you suggest and what we were told.  Dilution at this point makes absolutely no sense as they have the money and then some to complete their plans for 2023.  Why they felt they need the cash now is puzzling but let's see what management says and does with it.  I will hold off judgement until then. 

[dimitri62]

I still don't understand why not a single major has tried to buy out this company while it's still cheap.The majors are flush with cash and currently looking for acquisitions and yet we apparently are not on their shopping list.The biggest undeveloped silver mine in the world?And yet no discernible interest from the big boys?Sounds very fishy to me.It's almost as if there's

[9rookie]

100% with you , just as we were srarting to go up , they pull this crxp on us the retail investor , still wondering what they need $90M for and their CFO one of the top 25 of the year , what a joke , I hope they have something in the bag . I want out also unfortunately I  bought in at $1.79 , so I might have a long wait before I  can even break even .

[spitfire191]

The money will be used to get them not just to a FS but to a construction decision.  Also since Tony took over as CEO, there are institutions wanting to gain significant long positions in the company so this gives them an opportunity to do so (on the open market is difficult with the lack of volume for larger positions). I will continue to add more as black powder becomes available. Good

[dimitri62]

"since Tony took over as CEO, there are institutions wanting to gain significant long positions in the company" Really?And how do you know this?Would you please name these institutions and produce evidence to support your claim so members on the board can verify your exciting announcement.Unless,of course, you're just making the whole thing up.

[spitfire191]

I contacting the company and got an email back 

[spitfire191]

Yup same email Cbew got...so I guess what I said checks out :)