Anyone noticed how many capital raises have been going on recently when explorer/developer companies don't actually desperately need the cash. On top of that they're raising quite a bit of money well above what you'd normally see to just get through the next year or so and the institutions and sophs are lining up. Is it a sign of over exuberance? Seems to me like the cat is out of the bag on the precious metal bull market for the plebs that's actually been thumping for ages.
Anyway, just thinking out loud.
Unfortunately for SVL, that CR killed the upward trend and did some technical damage to the SP. That blue line
should have been good support, but with a 12c CR it was smashed.
for a recovery and they go back to their knitting and concentrate on getting the DA done and dusted.
SPP is at 12c. Why bother?
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