Post by
grossmrkup on May 22, 2024 5:24pm
Smart bit of financing there.
Allows them to raise as much or as little as they like. Given that Mitsubishi money is earmarked for permitting and DFS money raised here is likely for exploration at Mercedes and Sierra Medina.
So raise four or five million through the ATM and then of we have some big hits we can go back to the market for more to continue drilling.
Smart.
The community engagement on the MOD is great too. Love the A rating.
Should be an interesting few months if we actually get drills turning!
Comment by
Skater on May 22, 2024 6:02pm
Not sure I agree. If the share price or volume rises, they are more inclined to sell shares into the rise or volume, thereby limiting any increase in price. So until they are done with the ATM., it seems to me they control how much or how fast the share prices rises. IMO Skater
Comment by
grossmrkup on May 22, 2024 7:29pm
But if the company doesn't need the money they don't have to sell them the shares. So they raise a few million to drill and then if the hit pay dirt, the price goes up and if they need more they raise at the new higher price. Someone could try to sell to drive the price down but the company is under no obligation to sell them more
Comment by
Seahawks16 on May 22, 2024 11:48pm
I like the NR on both fronts!
Comment by
Richiechile on May 23, 2024 3:07am
Great news. Raise C$20,000,000 to pay for lots of strategic reviews, allow management to cruise around the world business class supported by teams of consultants. Where is the output, DFS, permit submission and exploration drilling?
Comment by
Richiechile on May 23, 2024 3:10am
Great news. Raise C$20,000,000 to pay for lots of strategic reviews, allow management to cruise around the world business class supported by teams of consultants. Where is the output, DFS, permit submission and exploration drilling?
Comment by
Seahawks16 on May 23, 2024 11:00pm
Not saying your right or wrong but have you ever reached out to manangement expressing your concerns or to gather further insight into what they in fact are doing?
Comment by
Richiechile on May 24, 2024 2:23am
Absolutely. Between navel gazing, strategic reviews, managing consultants there is not much time left to get on with adding value, let alone if the CEO is based in Mayfair rather than Mejillones.
Comment by
allaboutvalue on May 24, 2024 11:00am
I see the exact opposite. It seems we're getting towards some good traction and everything is coming together although it has taken loads of patience to date. Hope anyone near Mayfair is keeping an eye out for werewolves! Warren Zevon - Werewolves Of London (Official Music Video) [HD] (youtube.com)
Comment by
CG2021 on May 28, 2024 9:43am
I don't think that is the case with this company and never been. The need here is to actually add stock on the market as this stock is very thinly traded and held at 70% by a few enteties and then another 15% old investors like me that add and haven't sold in years. So the goal is to give stock to trade so it moves with the market. That is my 2 cents
Comment by
Skater on May 28, 2024 10:17am
Million share cross on the Pure exchange...