May. 21 at 1:01 PM
$ODV announces a
$225M convertible note offering and the stock immediately gets marked down 15% premarket, which is the most predictable reaction in finance. Dilution math doing dilution things, and the bid sitting 6x heavier than the offer tells me someone wants this lower before they buy it.
$759M cap gold name that was already down 33% on the quarter, so this isn't exactly a fresh wound. honest question, is the Cariboo project actually worth funding into this tape or is this just a balance sheet stall?
on my morning short list: https://tapeboard.com/chart/ODV?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=odv-pm-dn-watch