TSXV:AAA.P - Post by User
Post by
dusofton Mar 02, 2015 9:09am
318 Views
Post# 23479061
There is nothing to cheer for Shareholders !
There is nothing to cheer for Shareholders !Good news for Mgmt as they under Forbes and Manhattan model found another way to award themselves. This is Preliminary Assessment. More dilution and atleast 2 years wait for Full feasibility and approval from Ethopian Ministry of Mines. Top to that financing,.... nothing nothing moves until 2018.
Yes, dilution will happen, reserve split will follow because the monthly spend and scare capital will continue to be spent. This is excatly the model for such companies until they find new junior where they can start all over again under new names.