As per usual you exaggerate or just plain get it wrong Scoutaz. The equivalent price is .37 cents and if I recall correctly from memory, ECU never did a public financing less than .70 cents. I am as surprised as anyone at the low price of this offering and it appears the company may have panicked during this silver smash down and constant pressing of AUM stock lower and fear of a collapsing market forced their hand along with Sentient offering a cheque. On the other hand they prove to be brilliant and most of may end up wrong.

Although I wouldn't have taken the cheque at this point, my guess is most people would have, including yourself. This moment may prove to be a major turning point only time will tell and I for one will give them lots of time to get this right with their now $100 million in the bank. I might add that I have been buying stock all the way down and have more invested than ever before, by far.

I look forward to them carrying out their stated plans of Velardena production expansion and mine development, new resource updates for both ECU assets and AUM assets this coming quarter, completion of the scoping study and committment to construct at least a 2000 tpd mill at Velardena, continued exploration on both ECU properties and AUM properties, possibly marketing a few of the AUM properties from their inventory of over 40 properties, and ultimately having 3 silver projects in production over the next 3-5 years.

This is an agressive agenda and will require more capital from self funding from production, equity, loans, off-take agreements, royalty funds, etc., over the coming years but they have the demonstrated skill sets in-house from an operational perspective and just enhanced their exploration capability as a result of the merger with ECU and now are back to $100 in cash on hand plus I assume Sentient is very happy with their averaged price of AUM position, not a bad thing for a 19.9% investor.