Post by
alvarez2 on Mar 11, 2021 11:31pm
News
https://finance.yahoo.com/news/ivanhoe-mines-announces-pricing-us-034900099.html
Comment by
Helios on Mar 11, 2021 11:40pm
Ok, so what does that mean? Is it good for us or bad? Means they can convert at $9 plus ?
Comment by
PistolTuco on Mar 11, 2021 11:46pm
$9.31 - short term good for us but masive overhang down the road -
Comment by
Helios on Mar 11, 2021 11:49pm
Thanks. If they convert all shares of the $500 million that's about 75 plus million shares. On the total float that's a small dilution, is it not?
Comment by
Cobalt on Mar 11, 2021 11:54pm
1.2 billion shares out there
Comment by
alvarez2 on Mar 12, 2021 12:01am
We've got 3 amazing assets, possibly 4. Now is the time to get everything developed and operating at full capacity to capitalize in this cycle while prices are high and climbing and generate huge amounts of cash............not wait. If there is dilution down the road it will be minimal.
Comment by
Helios on Mar 12, 2021 12:02am
Thanks Alverez, I completely agree.
Comment by
WpgJetsfan on Mar 11, 2021 11:37pm
Now why did they not put that in the initial NR. All the selling today would have not happened. Feel sorry for people who put stop losses and the big institutions got your shares cheap.