GREY:ESOFD - Post by User
Comment by
bridgetonowhereon Oct 04, 2013 12:53pm
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Post# 21791641
RE:RE:RE:DILUTION
RE:RE:RE:DILUTION3 years isn't an unreasonable length of time, but as in any business enterprise - time is money. As the time frame extends out, more share offers need to made which results in more dilution for longer term holders. For that reason, I support the plan to raise enough money to finance a 5 rig, 100 hole winter program and prove up the resource as quickly as possible. A higher spot price for uranium would be helpful but it's unpractical to wait and predicate drilling on that happening, as the spot price doesn't overwhelmingly influence a project's buy-out price if past buy-out prices for other projects can be used as a guide.