Super good move. I thought that this would be done more in the fall as far as timing.
This is much better for the small investors. ( May have made the move to helped stave off a take over )
Growth profile here is huge and with operating mines.... not greeenfields..(.with prospective cash flows five years down the road... and hundreds of millions in financing to bring into production) !!l
La Negra will double production level from the 3,000 level during 2014... Shafter will be operating at the 2,500 level in 2014 ( 4 times current rampup level )
Resource expansions at La Negra and Shafter.
Aurcana cash flows explode going forward as silver and equivalent move from the 2.5 million level now to over the 10 million level in 2014. All growth funded and expansions in progress. No five year waits with massive new investments needed to fund !!
It is a great idea. 1) Higher share price let's institutional money buy in 2) Enables NY listing
There is no question this works. Anyone who doubts, go look and see how well Sandstorm Gold SAND has fared since rolling back 1 for 5.