Loading ...I don’t know anything about the company, but noticed that it just announced another 20 million share bought deal financing which will raise some $200 million.
All of us know how main street treats any mining company that is raising more cash by issuing more shares; HAMMER TIME!
In the last 7 months, they’ve also spent $1.2 billion for a 60% share of Barrick Gold’s Donlin Gold…. Huge ambitions ( to make it the largest Gold mine in America, takes a lot of cash!)
Could pay off in the long run if management doesn’t drop the ball……..But again, what do I know???
Oh, they just upped the bought deal amount to $300 million……..
Perhaps their next earnings announcement ( early April I believe) will be pretty important for them….. They do have a little over $100 million cash on hand, but their last quarterly earnings were something like -.25!!!