Well remember this is not "Endicott Steel". We seem to actually to have some resource in the ground and it is expanding plus we don't have to fight with GECKO.
In my view the key issue with the recent financing is that it went quickly and also was "over subscribed". It doesn't take too much crystal ball gazing to see that this was a way for the big guns to average down. They were the people with the major money in the early days so I don't begrudge them this opportunity ANNNNNNNNND I just don't see them throwing good money after bad if this was not a "solid gold" investment/gamble for them.
Onward and Upward