RE:RE:RE:RE:RE:common lio the Houses got a great deal and i would have expected mgmt to sit them in a room and say we will take your money but if you exploit this to jerk the stock we won't do business with you again.
those warrants were a sitting Duck to screw the current shareholders - that smells like it could have been better handled and cannot disagree with your concerns on those points.
we do however need to remember we are at a point of absolute maximum risk for the company as it took on debt to go operational with the only way to really repay that debt was via a smooth rollout of production. I have seen more than 1 Goldco go belly up in the first year of pouring gold notwithstanding they had spent years to very successfully get to the mine stage.
this mgmt group do seem to love exploring more than pouring - bigger adrenaline buzz on the upside news i guess
reddog11 wrote:
Puma1back, I appreciate your insight, but I still disagree that taking the 12 million was worth the loss in Market Cap of over 80 million.
Could have moved forward slower with the 300t revenue and kept a shred of confidence in the management. I feel it was a devasting move.
The company has been hurt badly as you can see by gold trading nearly $2400 and we are 1/2 the price we were just a month ago.
I have added at the lower prices but can still be very unhappy with the move.
jmo
RD