B2Gold – Fekola Project Fully Funded; Shares Rip Higher


As recently as January 25, B2Gold (NYSEMKT:BTG) had been one of the worst performing gold stocks to date, declining 38% YTD. At its nadir, the stock was trading for just $0.60.

At the time, not only was the company struggling to deal with a perpetually declining gold price (which impacted all gold companies), but in addition, there was much talk and concern expressed by investors that the company was on the verge of blowing out its share structure much further. The company’s January 11 filing of a final short form base shelf prospectus, would allow for the Company to offer up to $300,000,000 of debt securities, warrants, subscription receipts, units or common shares, or any combination thereof, from time to time during the 25-month period that the Shelf Prospectus is effective.

When you’re a company that already has over 926 million shares issued and outstanding, and close continue reading at Seeking Alpha

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