From last night's Midas:

"Huge, huge, huge news re: the GTU offering priced this morning, and worthy of TOP BILLING IN MIDAS today!

http://finance.yahoo.com/news/Centra...

Despite several weeks of hard core attacks on gold, GTU’s premium to NAV reached a record 33% yesterday afternoon. Consequently, a new deal was announced last night.

From speaking to Stefan Spicer, CEO of GTU (100% gold) and CEF (60% gold/40% silver) regularly, I have learned that he has been receiving an enormous amount of interest in GTU stock given rising worries about the dollar/GLD/SLV/inflation/corruption, etc., despite the stock’s limited liquidity.

Thus, when the deal was announced last night, I expected that it might even raise $75-$100 million of new capital (to buy gold), compared to January’s record GTU offering of $38 million. However, incredibly they raised $175 million, which will likely reach an even $200 million when the greenshoe is imminently exercised, nearly taking out the entire remaining $212 million available in the current shelf registration.

This deal alone DOUBLED the size of GTU, which now owns around 418,000 ounces of gold, has roughly 11 million shares outstanding, and a market cap of $415 million or so. In the past nine months, the size of GTU and CEF have started to grow EXPONENTIALLY. In fact, so have GLD and SLV, but does anyone believe that they actually own what they purport?"

Comment: Think of just how tight money is (outside of the banking sewer pits) and this becomes more significant. Recall that CEF, GTU’s sister fun, raised $210 mil in April. Investors are running from the risk of the managed US markets and the $ instruments and looking for real safety!
As the loonie gains strength and the Can exchanges recover, we here are all in prime positions to see a solid gain in our little gem.