Post by
juneau103 on May 06, 2021 12:45am
Shelf Financing.....
This is absolutly brilliant, after talking with managment ...
some one asked me do I know them? Short answer is YES, saying that, the Shelf Financing should be approved this week, after that, it sits on the shelf with the "companys" ability to raise capital at their beck and call.
And not be holden to the market, shorters et al. When they pitch the story, if they have a party at the table that likes the story, they can raise capital almost immediatly. Of course, this current drill program is fully funded, so they wont be going to the market soon.
Now, if PQ, Snake Lake and 850 give us somethig to cheer about and the stock makes a significant move....they can do capital rasies for all of us at non dilutive pricing. Remember, once approved, they are not subject to marketing, shorters trying to skim a better deal, it will be driven by the market.
This is a season'd group, with BIG sharholders and lots of mentors, no doubt, this wonderful idea came from lots of consultation, Ivan has reffered many times how Ross Beatty has been a mentor....
CB and Home are June- Sept projects, with a lot of runway ahead of them in PQ.....a couple of stunning holes and ......well, lets say, these guys have a following for a reason, and have never, ever NOT been able to rasie capital......
J 103 Brilliant, I am remeinded almost every time I chat with the group et al, the managment of this group are BIG Shareholders so the decision to do anything is for all, not just one.....here is going to be a lot of peoples mistake this year......
" Sell in May and go away"......I dont think so, one more bounce of the bottom in Au and were gone....$1900
This is like an All State commercial, "were in good hands" believe in the process,