Factor this in, and tell me what you think. There are many more knowledgeable then me.

I was told Peter was saying no to PP until we were above $1.00. Until a certain group came calling, and asked for the entry offer in today's NR at .75c. These certain someones basically filled half the PP. These are the folks Rago and I referred to. In no way is it a fact, but just a ripple. Perhaps you guys can track it if it's true. And, since he was doing it for them, he felt obligated to do it for a few others. Then said no to the rest.

The idea of allowing them in is, so I'm told, this group will buy in at .75c and will buy on open market to increase their .75c buy in. My assumption is it's Dundee, because that makes sense for Peter to yield at the .75c. But I could be wrong. But then a ripple hit with the same group before I talked to anyone. Therefore it may be true. Can someone who knows how, track it?

Anyway, this might explain Smith's change. If I assumed wrong and the ripple is wrong, or doesn't make sense, let me know why.

Plus, FNC wants the cash for flexibility to unlock Lac Lamalee with drilling. They are about to have a meeting to discuss options regarding Lac Lamalee. One option being discussed is drilling Lac Lamalee prior to an IPO. With this cash, I'm sure they already plan to drill and are meeting to discuss the next steps: Targets, drill company, money allocation, geologist, camp (I'm hoping they share with Champion).

Conclusion: I don't like financing at .75c but I think there is a good motive behind it which will benefit our portfolio this week. This is why I say, raise the asks, as the PP is already maxed and now those who missed on the PP will now enter the open market. I suspect it also explains the lack of volume.

That's my thought process. Insights welcome!

-StockGreed