Post by
stoneycurtis on Sep 22, 2016 3:19pm
Q2 results
I find the Q2 2016 MD&A to be laughable in that they say they have raised $57 million in capital since the recapitalizaion (actuallly, $69 million if you include the production royalty agreement) and that their market cap is $24.7 million as of August 29. So they are basically telling you "we took $69 million and turned it into $24.7 million" (actually, it's $17.92 million at today's price of $0.16/share). Very impressive! Not too difficult to see why there is such negativity on this board.