Post by
Evenkeel123 on Jun 30, 2024 11:21am
OK, I was just informed that the actual share count is......
192,335,454 shares outstanding. That didn't take long, so now think it through, front to back, with how much money they have burned through and what have they really accomplished.
Drill results don't make money, they cost money. Management is supposed to create shareholder value, but the way it sits, they are taking care of themselves nicely, eh?
But of course, an MRE is not neceaary, no, not at all, unless you want to make progress, but the bullet on what true grades and ounces are, and move on with the truth under your belt.
Nobody is going to buy a blind pig without it. There is so much more to worry about. I think many folks are living in dreamland over this one.
EK
Comment by
webminingdude on Jun 30, 2024 5:46pm
current investing climate involves working for a buyout by some big miner with ill gotten gains from world wide operations. The amount of money raised could have started the mine, problem is the money sources do not want to plow money into mining but into drilling for a buyout.