RE: RE: RE: RE: RE: Should I add more shares now o Hobbes, what I'm thinking is that even though much of the $10 M development cost has been done already, there's still more costs, plus the operating expenses of those months of mining that must be done to stockpile enough ore before it is sent to the mill, then I wonder how long it will be til Abcourt is paid for it.
The way that things have dragged on in the past, I can see at least another large PP being done and us being diluted out another 100% before Elder is cash flow positive.
I want the price of our shares to go up. I have half my holdings in ABI. But I'm also judging this as a businessman. It will take a while to get ahead of the game and to generate profits. In the meantime we will need money for months more of preparation and operations.
Right now we stand at 232 M shares fully diluted. Let's see where we stand by the time that Elder is operating cash flow positive. If we will be under 500 M shares fully diluted, I will be happy.
Cheers,
GM