IKN

saucy doubts and fears

Bought deals

When it’s an exploreco doing its thing with no production then yeah, I get it, that’s the model, they sell shares to bring in necessary working capital. Normal.
But can anyone explain to me why companies such as Copper Mountain (CUM.to now raising $5m) and Great Panther Silver (just closed on nearly $30m) that have been in production for years are now going to market and selling shares in bought deals? 
And explain without using the phrase “piss poor companies managed by idiots and funded by people even more stupid than they are” please.

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