RE: News reaction + questions- CoachHi, coach....hope everything is going well for you! Always nice to hear and read your takes(Sam's and others also).
I hope you are right about retaining the rights for our best properties(Reyna)...I can live with that and stand corrected. Hopefully, that will be the companies mindset into the future for it's most prospective projects. And I do understand your feelings on the JV model being pursued so far on EXM and agree with a lot of it.
The only thing I might add(I know you and the more experienced investors on this board know this) is that it is often not necessary to go to production for a junior to achieve high share prices...look at GUY and MFN that have reached $10 and higher before ever going into production(GUY has no immediate plans and they are trading around $11 right now). I believe if you truly have a highly prospective property(1-2 million oz of gold eq or more) this can send the shares into the stratosphere alone. That is my hope for Reyna.....to keep that open ended blue sky possibility(on our company's chosen timeframe) as an active prospect for our company.
Once a company finds a project like that, then raising money in gobs at $2 or $3 a share is quite attractive(see MFN). I too hope the company going into production might propel the company to these sp levels to further our ability to drill only our most promising projects with minimal dilution.
I just hope everyone takes my opinions in the right spirit(not bashing but as legitimate concerns).