1. Yes they do

2. They already have accumulated enough shares

3. A buyout won't happen with your assumed model

4. Bought deal financings happen all the time, at any price, on any exchange.

They are focussed on mining and producing gold. What a surprise for a gold producer.

A small sample of BC's latest.

"Because San Gold is actively mining at Rice Lake and can rapidly develop and exploit new discoveries it has been impractical to actually prove reserves; it is much more efficient and cost effective to simply drift over to the new veins and mine them."