Dilution is always a bad thing - however, it depends on how that diluted money is being used.

At least.....we know that 6 is a "pseudo" floor, i don't think these guys would let their investment fall below their subscribed price......and we can be sure that these guys will "pump up" their investment.......already they made $1/share today!

To jesscjames1's point - why now, is the question. Contrary to what Marrone says...........I say he's getting ready to pull the trigger to buy another "producing" mid tier! He's not going to buy a company with huge reserves/resource, he needs a company that's already producing and having positive cash flow. As he stated, cash flow from currrent production profile is pretty much self financed, producing revenues. He said he's paying down $20M per quarter on his credit facility. I think he's thinking that while current cash flows is enough to buy his "target" company, it would be risky given current environment. But if he's able to get his additional financing, which he has, that would give him more slack..........remember..........he's an investment banker/lawyer. Finances and financing is his forte!

As to who..........well, there are a number of them.........but one that comes to mind is Eldorado Gold, Gammon Gold.