Re dilution I have charted all 444 drill holes to date , and they show something that most of us will never ever see again in our lifetime. I have had, gold, silver, oil , and other exploration stocks and none have even come close to the PLS results. PLS has more gold than many gold stocks. Amazing !
They have had an odd miss but the last drill report clearly shows they are far from being done yet and the deposit continues to expand in every direction. Why would they want to stop ,when this could end up far larger and add large sums to the possible profits.
The merger than seems to be hated as a give away ,to me looks like an opportunity to hold on to this exceptional deposit and see how big it can get. If we vote no and do nothing or go to the market for cash to keep drilling, I don't see much positive happening in the bad market for uranium stocks. We keep the deposit in the merger, with cash for drilling, and time is on our side.
Look at the uranium stocks and you will be hard pressed to find a stock that has been around for a few years ,that is not beaten up big time. So if you want to bash mangement , you best bash the lot ,not just Dev and Ross.
The merger is not a good deal but in my view gives us time instead of cashing out too cheap. Finding another exploration stock with the same chance of a very large gain is not going to happen any time soon. NXE looks good but 600 meters down pretty much makes profts much less and no chance of the size getting any where near PLS size unless a much different zone shows up.