Due to the strong demand on its shares, today Americas Silver announced an additional private placement, amounting to around C$10 million. This placement plus the one, announced on May 20, should fuel the company with cash of around C$30 million.
As I stated in my Seeking Alpha article on Americas Silver, it is a lot of cash for the company.
To show it, below I have plotted a pro-forma version of Americas Silver balance sheet:
As the table shows, after the two private placements the company should hold cash of $26 million. I remind my readers that Americas Silver plans to spend $21.4 million on implementing the San Rafael project.
It looks like the project is fully funded now...