offering priced at 17

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aitakahashi

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offering priced at 17

posted on Feb 24, 2009 06:21AM

5.45 million shares priced at 17. well, they certainly won't have any trouble selling them at that price. and sure enough, the share price is now down to 17. if there is any upside to this, it is that now they should have enough cash to fund the construction of san luis and pitarrilla regardless of what metals prices do between now and then. i still think the dilution was not necessary, but then i'm not running the company.