They should have diluted 16% not 8 but its better than nothing.. we have NO resource and NO revenue, so who CARES about EARNINGS PER SHARE right NOW ? Not me. It seems management cares though..and they just want enough dough at 20 cents to get the MINIMUM amount of holes drilled
Maybe they looked at KAM and saw how high their PP's were, and think they can replicate that post 2013 drilling, hence the very MODEST effort here..
We have seen this MINIMUMALIST movie before.. LIKE LAST YEAR
They should have diluted at least double what they did..16% for 3.4 million ( go big or go home thinking ) MAYBE THEY COULDN'T.. and my name is ELMER FUDD
People cry about dilution, but I have seen another VULTURE play..GZD refuse to do a PP at 50 cents ( they were insulted by the offer and did not want to dilute from 48 million shares..whoopeee shi... )
and now they cannot get a PP at 6 CENTS come helllll or high water
DILUTION can facilitate increased volume, and more chance at price stability and less knee jerk reaction volatilty....DOWN
I'm not talking about OVER THE TOP dilution like the Aussie who runs Yukon Nevada Gold ( into the ground )