re: PPI dont know what the best plan of action is for EAG or any junior explorer in this market. Sit on your hands and wait till hopefully the market changes or continue with dilutive financings. I do know that Kaiser and others have predicted 500-700 companies on the venture could disappear because they dont have enough cash to even meet overhead. Any reading of the many resource sector analysts will also tell you that its extremely difficult for most to get any kind of financing in this market - even companies with promising projects. The fact that EAG is one of the few companies to be able to continue getting financed speaks volumes for the potential of the property in my mind. Its dilutive yes but its better then closing shop. Whether it would have been better or even possible to wait I dont know only time will tell.
So on the one hand hats off to Brad to be able to continue getting $$ to move forward one of the best early stage projects i have seen in some time but on the other hand the dilution hurts like hell