Value Microcaps Junior Miners

[JustForFun7]

MMT.V Curlews

I am of the understanding that there is an outstanding financing that has not yet closed but that the company intends to close which is for 140 million shares at a price of 50 cents and that it includes 140 million warrants an an exercise price of 70 cents (good for 3 years).

That's a heck of a lot of dilution to commit to just at a point where they are increasing profits because the mill has just been expanded and gold prices are increasing. Do they really need the money right now? Won't it be smarter to let the share price rise in value, let the coffers grow and then go shopping for any additional needed financing?

I don't find the posters views all that out of whack with simple logic.

JFF7