A couple positive things I see in this PP
Someone took advantage of the current dip in pps and has been on a buy side. I was one of those buyers. I've been invested in RDK for well over a year. At some point, I took a profit, but still held a sizable number of shares. Only recently, when copper started moving up, I've started adding to my position. Still, one fact was holding me back: the insiders have not been purchasing the stock. A couple positive things I see in this PP announcement. First, they're getting $2.6M at a very small discount to the market price. The second, there are no warrants. There is more... One line in this PR have caught my attention: "Certain insiders of the Company will participate in the Private Placement." Finally, the insiders are putting a serious $$ into the co stock! It's FOR THE FIRST TIME (at least, as I've been watching the stock). They must expect a great stock appreciation this time. Whether it'll be a buyout, or they're expecting fantastic drilling results. At this point I'm aggressively adding more. Everyone else should do their own DD and make their own conclusions .