Reyna Silver Corp V.RSLV

more dilution...still no results from guigui

[goldanalyst]

looks like they've decided to focus on batopilas
increasing guigui by only 2000m while doubing at batopilas. With new financing and no word on guigui I think it's almost certain nothing spectacular was found at guigui. Onward to batopilas!!

“We are pleased to welcome Crescat as an investor. With the proceeds from this financing, we will increase our drill program at Batopilas from the 5,000 meters originally planned to 10,000 meters and we will expand the current drilling at Guigui from 10,000 meters to 12,000 meters”, commented Jorge Ramiro Monroy CEO of Reyna Silver.

[Rdjfarms]

I didnt see the news yesterday and was not happy when I saw it first thing this morning.  Hopefully with expanding the drill program there is better news flow and results.

[goldanalyst]

I'd be happy with some kind of update from Guigui  Perhaps some the results from one or a few holes? I was also suprised that the financing came through before any news on the first campaign was released. Quinton and Peter have known each other for years. This financing might be to let Quinton in on the cheap before things get going. Not great for the long time shareholder but these guys

[tigris72poo]

I don't see any justification for selling stock with more wts before results are released.  There is no way QH hasn't had a peek  under the skirt.  If the results are good or at least promising he is getting in on the cheap.  If the results are not good, the new shareholders are probably overpaying.  

[rob1237]

Get ready for-some volitlity. As for dilition. They need money to drill. If they find another MAG silver then u will say good thing they financied again. If they miss on their drills then u lost most of your money regardless of the amount of dilution. .  Dilution is actually a good thing with more drilling and cheaper price share. Odds are good for some great assay results. Remember this is a