"They were fully funded for the plan as stated. Then they found something close enough to do an extra check of drilling. Now they need more money for exoloration so a Flow Through financing to pay for the extra drilling."
That being the case, why wouldn't they do the gig, show the results, watch the sp go up, then do the PP for much higher and less dilution. I think one reason seems somewhat clear. This is a diddly amount of money in reality....and where is Boasteel in this....but the shares when multiplied by a later spike in the sp will make somebody a little more than diddly. It is what it is. Ultimately it's the game and we'll get to where we're going...with just a few more people butting in line ahead of us.