Maybe that is because they had hopes that the good news was almost within reach. In other words they expected the big F. before the expiration of the loan agreement. The fact that they used a PR for the loan agreement ( not just a SEC document) for just 500k tells us : “ We still expect the big F soon”.
A wise Yankee once said “ it ain’t over till it’s over!” It ain’t over yet we still have some game to play. Disappointed... some are, I think management is too. We can argue the pros & cons till the cows come home. We are deep in the ninth inning of a tie game, with runners on base... “Play Ball!” Glta Chico
They’ve done it before a couple of times. the last one I can remember was the Nordman feasibility study and then a private placement right afterwards as the sp was climbing. I just considered that foolish but at the same time they probably had to do it that way if they wanted to get anyone to belly up to the bar and buy any shares during the PP
Having said that the pre-market bid and ask does not look like we are going to have a selloff here on TSX either The Ask would not be C$.80
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