Post by
apapas1973 on Oct 27, 2021 11:52am
Curious about the upcoming financing.
I'm very curious as to how they're going to finance the next tranche. Considering we've seen no insider buys down here, (even though they've bought quite a bit already) tells me that insiders are most likely saving their buys to contribute to the next financing again. Yes you can make an argument that they already have enough shares and don't want anymore, but I'm not buying that. They could always use more. Especially with a company that has the potential that CNC has.
Comment by
minime123 on Oct 27, 2021 12:10pm
I am a firm believer that insiders cannot buy at this point due to the news timing events, such assays delays (i think there will be more coming right?). And yes the next tranche would be their best entries?
Comment by
EndZonefor7 on Oct 27, 2021 2:54pm
Agree, insiders will be holding off now that it appears the assays will now begin to flow from the next 100 holes drilled the past months. I'd be waiting for next set or two of assays before doing any deal. Any new properties hits is a game changer to any financing.
Comment by
apapas1973 on Oct 27, 2021 6:30pm
Good points. You guys might be right. Let's see what the next couple of weeks bring.