RE: Ooooo....what a surprise. 100% controlActually I've never called for the firing of managment with the exception of Ms. Tamdoo. In fact on these boards I've refrained from refering to HM as any thing other than his proper name, intials or title. Granted, I did suggest he be demoted to a techincal position as that is where his talent lies.
You are right that the PP was expected. I myself posted numerous times that the company needed cash in a hurry. Which resulted in your typical insult laden replies that I didn't know what I was talking about or some vauge reference to mysterious potential JV partners.
I am unhappy with the PP for reasons that go beyond the $10,000,000 (+10 million shares worth of dilution). First off, for this significant dilution the company merely gets enough cash to make it to the end of this year's program. Also, timing the PP so soon after last weeks drill results makes me wonder if that was the best result we are going to see in a while. Also, despite your positive spin, having the issue 'priced in the context of the market' is a bad thing. It tells me that managment wasn't confident they can get the PP fully subcribed at a firm price. Before the PP was annouced the SP was above 0.80 cents now it is below 0.70. In the context of the market, the number of shares that need to be issued just went up.