Isn't it strange how these things tend to happen? Back On June 18th South American Silver (SAC.to), on the back of some sudden and strange hype from certain Canadian-based quarters that saw its stock jump quickly, ran a bought deal financing at 63c with Wellington West (a company that has its quarters based in Canada, if you didn't already know) that raised some $4m for the company.
This humble corner of cyberspace noted the deal in its subscription IKN Weekly that week and then a little later ran the excerpt here on the open blog in a post entitled "Why is South American Silver (SAC.to) so keen on running a bought deal financing this month?" . The reason the bought deal timing caught the eye were the little-known moves by Bolivia's government to change the rules for junior exploration miners there (the post linked above runs bulletpoints of the main initiatives). Needless to say, the mooted changes are not for the greater good of the Canadian juniors exposed to Bolivia like SAC.to.
So let's see how SAC.to has traded since that extremely fortunately timed bought deal went through:
Well riddle me ree, it's back to the sub-50c prices already! Waddya say Owly?
Oh, by the way SAC.to & Wellington West didn't manage to sell any of the overallotment connected to the June bot deal. Strange that, innit? DYODD, dude.