RE: re.: AOS UpdateManagement has always been clear the model is to drill and develop resources then when reserves are booked and the resource is ready to be developed they would sell to the highest bidder. The only change I can see from this model is to partner with a larger company and once ready to develop and retain a percentage of ownership of the resource while it is being developed. Both of these scenarios are a ways away.
Regarding dilution: as with any junior stock yes there will be dilution before aforementioned events take place. The key thing to remember is if results come in as expected on the first holes the share price should spike significantly to make our valuation comparable to similar companies. That combined with at some point there should be another run up on all these beaten down oil sands juniors and AOS should be able to finance at considerably higher price than today's price therefore much less dilution. I hope they have the cajones to wait for such an even to happen as they are well financed for this year right now.