Re: Share dilution
Purepoint has been exploring for Uranium for nearly 20 years. They have not overdiluted and year after year they drill and explore. They have a small discovery at Spitfire and unfortunately that is all. How many explorers are still operating with the same symbol after nearly 20 years??? Very Few .Testament to Scott and Chris to keep at it. It may also be possible after 20 years a rollback may be necessary. If there is a discovery this year then a consolidation would be unlikely in my view. After 20 years I see absolutely no issue with a consolidation. Most explorers are lifestyle companies. They create shares, drill in unlikely zones and pay themselves very well. Those companies dilute fast. PTU has been very responsible and careful with spending exploration cash or paying themselves a bloated salary..