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money. Banks don't do these types of loans. They get $1.9B upfront to help them build a mine where gold is a by product, not the main metal extracted.
I am a little surprised they issued warrants. Have they done this before ? At least the 65 strike price is pretty comforting.
yes. On numerous occasions. I even remember $10 warrants (seems absurd right?). but when the stock is $4 and you might be going BK due to a crushing debt load, you do stuff like that.