Rights offering back stopped by Sprott?
posted on
Nov 06, 2012 11:19AM
I asked DW about a Rights offering the Summer of 2011. There was no White Knight to backstop the issuance at that time. McEwen cares about the little guy. Why not Sprott as they have the means to make it happen. All players would have the opportunity to move forward w/o dilution if they choose......... Two years out, the POG could be north of $2500 for a whole new outlook on profitability. Right now we would be at a disadvantage negotiating a financing at $1700. The POG should outpace expenses especially energy as demand destruction will keep a lid on oil prices (expenses)..............
Regards, Woody