RE:RE:RE:RE:RE:RE:RE:RE:First Cobalt Announces $10.0 Million ATM Financing, Warrant I believe what he said was that he didn't WANT to dilute shareholders further. This was during an interview he had recently (I forget which one but it was very recent.)
He didn't promise anything, but my rationale for this news is that they are having trouble closing the debt portion of their financing with the banks, and the banks may only be willing to extend them a line of credit if they can raise more capital. Like it or not, this venture FCC is undertaking, while potentially incredibly lucrative for everyone involved, can still be seen as inherently risky -- especially by a bank who wants to minimize their risk exposure.
This is just my educated opinion. I am also of the opinion that in the long run (years down the road) the shareholder dilution will be insignificant. If anything, I would be picking up more shares on the dips. Given the frequency with which they are releasing news lately though, I think you are just as likely to miss an entry point as you are to get a better price.
Just remember that Trent has skin in the game too. He is a shareholder just like the rest of us, so it is in his best interest to produce results.