Just back from vacation.... Wow what a change a couple weeks makes.... Couldn't believe the about face of Dave on the funding issue...... won't dilute, won't dilut and then suddenly $15,000,000 and then a couple days later $25,000,000 @ $1.35
Had this deal been done at $1.00 or less we would have a shareholder revolt here, the price seams to have struck a balance between oportunistic takeover via PP and abundant excessive funding for future drilling.
I like the thought that LSG could be the underlying move toward a takeover of PRB for the JV, royalty and of coarse Borden. LSG could sit on the Chromite assest till ell freezes over.
Will be interesting to see if BMO follows through with buying intrest from their brokers down the road a could months.