Tricky22 Feb 2017 13:23
As I says junior miners have struggled with finance these last few years. Mm's have a big say in this too, as we know these stocks are moved up & down & sadly if in a low period of sentiment & low stock price funds are needed they come with more shares if dilution is the means.
Look at Uru, finance @ 0.4,0.45 then 4.5.
Amc @ 5 odd p, then 11.5p, then 7.5p. All depends upon the time of the call not always what the resource isn't. Everyone always wants market price at the time of the request. Sanderson redeemed one fee Into shares @.08
One thing I have always questioned & even asked Robin Young of Amc this when I met him why do these non producers not in a sense over borrow at times when the prices are higher. At the time he said most juniors were just happy to secure some sort of funding. Things have improved massively in the last couple of years & money is getting thrown about again.