RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More dilution comingOK, I think I see where you might be remembering somthing incorrectly. WRT the Mnombo / Waterburg, the agreement in buying out their 50% stake, was the PTM would pay Mnombo's portion of expenses through feasability, not production. Big difference. Hope that puts your mind at ease some.
From SEC - 2013 annual infomation form:
"On November 7, 2011, the Company entered into an agreement with Mnombo whereby the Company acquired 49.9% of the issued and outstanding shares of Mnombo from its shareholders in exchange for cash payments totaling R1.2 million and agreeing to pay for Mnombo’s 26% share of project costs to feasibility (bringing the Company’s share of project costs to 63%). When combined with the Company’s 37% direct interest in the Waterberg JV Project (taking into consideration the JOGMEC earn-in), the 12.974% indirect interest held by the Company through Mnombo brings the Company’s effective interest in the Waterberg JV Project to 49.974% ."