"5. Believe liquidity crisis is coming and everybody will sell everything to get liquid, . Nonetheless, gold companies will be first to rebound (obviously an opinion, on which we agreed). SGR will look golden for doing this cash grab following this coming crunch."

Astute management we have. Nothing but golden. My further take on this is that they ran out of cash and had to do a deal out of desperation, hence the $4. What other reason?

What are other people's take on why financing was done @ $4?