>financing.
"The equity offering should significantly strengthen the company’s balance sheet and address near-term liquidity concerns that in our view have pressured the stock this year. The company should now have sufficient funds to complete the planned expansion of Velardena to 1,150 tpd," the analyst comments. "However, we believe that the terms of the offering are very dilutive to shareholders and much more generous than comparable transactions we have seen in a recently improved financing market given the steep discount to the previous close and five-year term of the half warrant included in the unit."
Gee Dan, how insightful of you! There have been dozens of junior/limited producers doing equity deals all over Bay Street to compare this to! And, they have been offered with terms that are much more attractive than this one.
Tell us, is it true that you are on your way out the door at TD, as rumored? Utterly worthless Bay Street analysis (once again).
Silverbull50
