JLA, just a few comments on PP's. From my experiences, PP's for junior explorers are almost always done at lower share prices. The placees are usually close to the stock so the promoter wants to see these people make a return on their investment to stay in their good books for later financings. Share dilution seems to be the last thing on the insiders minds, the company needs cash and a PP is easier, quicker, and less costly than most other methods of raising capital, especially a non-brokered PP. I don't know what the details are on this latest PP, eg; hold period, flow-thru, attached warrants, etc. I haven't been following the thread that much as of late, so if I'm rehashing old stuff, please accept my apologies.
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