RE:Deadline has passedNova 'walked away' from San Roque a long time ago. Nothing new there. They had two massive projects in the north that required their resources during the downturn. Now when Marifil puts together a drill program, Nova will have to make a decision. If they choose to not participate, their share of the project gets diluted. Who knows what they'll decide. If they buck up to avoid dilution, that's great. But if they opt out, we get a larger share. It'll be a tough call, as half a million bucks for them to stay invested at 49% might be hard to pass up. The last drill hole that came out of San Roque was certainly exciting.
I know there's lots to legitimately grumble about, but I can be confident in saying that if they successfully raise the $1.25 million and put drills in the ground once again, the share price will not be 5 cents while we await results.
Most disgruntled shareholders now have less than a few hundred thousand shares to their name. Most of the guys involved will want to see things unfold. I doubt there will be many shares available for purchase after they cash up.