Financing and dilutionWhen I emailed Mr. Economo the other day and I had mentioned any future financing and how much dilution we might expect his response was as follows. He said he views dilution as something that can fall into two categories. First there is dilution from a financing that in the end will actually bring added value to the table for all involved. If there is any way to add to value then dilution is in that instance something that becomes a viable business practice. The other type of dilution is when you do a financing and spend all the money and end up having to do further financings and thus have brought no value to the table for anyone. He said obviously that leaves a company in a bad way and with shareholders who are not seeing any added value they tend to move on.
I would take from this, that we can expect to see another financing and, that he has a our best interest at heart. We already know that we are not just drilling in the ground "hoping" to find something. We obviously need to see more exploration on Kwyjibo but look at Lac Knife and one can start to see a glimpse of where Mr. Economo is trying to go with all this. I have a deep respect to Mr.Economo and the rest of the management team and I have every intention to remain strong and long on this company.
GLTA longs