It was wonderful indeed, especially for Cannacord and buddies who got shares for 0.125.
I also hold Marakai's BGS as a long term holder since 3 years. These little company shows you how placements
in mining business could be arranged in a fair and proper way.
At the last placement some weeks ago all BGS shareholders got the possibility to buy new cheap shares.
In 2013 for example Sprott paid a premium of about 30% vs. the last SP to get a BGS chunk.
To say hip hip hooray to fresh money without considering the underlying premises and dillution seems
a bit strange for me.
But i respect your opinion, let me on the other side retain my critical view to this management decision.
Maigret
OKU Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held