Near term chart analysis shows lower highs and decreasing volume pointing us down. Also anticipated rate hike has gold and silver down with higher dollar. Might become a buyer again sub $1 if no further dilution and they turn a profit after 5 years of loses (please check)
Laughable today small sell off over inflation and another 1/4 to 1/2 rate hike to compete with this power house REIT paying 16%
The near term chart shows decreasing volume and higher lows conflicting signals. If we cant close above $1.85 today: Then we have lower highs and a clear sell signal
The Company intends to use the net proceeds of the Offering, if any, together with the Company's current cash resources, to fund operating, development and exploration expenditures at its mining operations and projects, for possible future acquisitions and for general corporate and working capital purposes.
The Company will pay to Rodman a placement fee for Common Shares sold under the ATM Agreement.