The depth action right now suggests if any CR or large institutional placement is being done it's at a premium to the current price. The buying wall is the telling feature. In-the-know brokers would otherwise be bailing their clients out to get them in cheaper on the corporate end of town.
Now, the other thing you should consider, is that even if MOY does raise capital at a discount to the price of the day.... It will be the last remaining issue for worry-warts to be concerned about
If MOY raised $17m-$25m it would be a 10-15% dilution of the MCAP and give the company a total of $40-$47m cash on hand
but it would unlock over 1.3m ounces of sulphide ore to be processed.
I reckon it's time to sit down and do some ROI calculations my friend - I think you'll find some interesting truths!
