PMY 16.7% 0.7¢ pacifico minerals limited

Ann: Updated PFS Confirms Strong Economics of Sorby Hills, page-29

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  1. 3,056 Posts.
    lightbulb Created with Sketch. 7

    Ok, from recent Corp Preso ann

    1.65B shares, 429M options and $1,690,000 in the kitty.........another raise will be coming. I'm sure they were hoping recent ann's were going to spike the SP so they could raise at a higher price, so unless this gets pumped soon, the raise will be lower than the last one at 0.6c which will dilute this to oblivion.

    ie. If they want to raise $5m at 0.4c that's another 1.25 billion shares making PMY a 3 billion share co fully diluted and another billion shares to churn.

    I imagine this is what's holding PMY back.


 
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