Sulliden Gold Corporation Ltd T.SUE.WT

Anyone asking WHY?

[Styless]

Why did a company that had over $30M in the bank go out and raise another $50M (looking for $75M)??
The company was already financed to PFS, and didn't need any money in 2011 or 2012.  
This makes me feel like the sulphides aren't there and they are just raising all the money until they can grow the oxide resources to make up for what i imagine will be a "no significant mineralization in sulphides" press release this month.
 
This is fishy!

[jjeerryy]

I have recently read it is wise for public traded companies to get financing while rates are low, this could be great for SUE.

[mtsuit]

Miners should raise money when they can, not when they have to.  If SUE waited until it needed $50mm then at that particular time the market might be weak and the offering would have to come on bad terms.  For example, SUE's related company Avion Gold issued shares at 8 cents in late 2008.  If SUE had people willing to invest now then it gave up some dilution, but also put

[Styless]

when rates are low? what are you talking about??? This isn't debt . This is equity.They should be raising money when the share price is highestThat's the game

[Styless]

i don't know if i agree. I imagine there could be bad news on the horizon and they are placing their bets. They had a game changing catalyst ahead of them with the sulphides. It would completely change the company and the news was expected this month. I think they are just buying time and cashing up for bad newsJust my opinion