GREY:CRMXF - Post by User
Comment by
BudSpudon Oct 03, 2012 3:09pm
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Post# 20443897
RE: NEW 43-101 = MAJOR DILUTION
RE: NEW 43-101 = MAJOR DILUTION They don't need 3.8m all at once. They need 800K and the rest later.
16 million shares
right
This is a risky approach.... If you don't take all the cash at once then you risk the share price going WAY down if the drilling doesn't prove up anything better than they have. So, the next round could be done at twice the dilution rate if it's done at 2.5 cents. Also, your 800K is done at 5 cents so this ensures the price is going down. Owning a junior without cash sucks.....