In this case, no news would have been better news...Ok, doing some rough math, looks like they're trying to raise $500,000 and they're issuing enough shares at $.05 to do it. That would amount to 10 million more shares I think. So we're looking at 10% dilution, with warrants for another 10% dilution at $.10 a share for the next 2 years. So they're diluting the company 20% and like someone else pointed out, they haven't even promised that this will complete the feasibility study. The odds of the share price going much higher than the warrant price for the next 2 years is almost nil. They'd have made the warrant price higher than $.10 if they thought they could have. I remember a quote from Will Randall about 6 months ago saying that most of the remaining work on the feasibility study was desktop based. I guess they have a lot of desktops to pay for if they need another $500,000. According to their last Interim Financial Statement they had over a million left on their credit facility, and they've chosen to dilute anyway. It's getting hard to see any reward left for shareholders at this point. I wonder if the share price will drop to $.05 tomorrow at market open. Anyone that bought on this last rally and paid more than $.05 is probably not sleeping well tonight. I thought management made a commitment to stop taking compensation until the company was on sound financial footing, I'll have to go back and read over the last few years news releases and financial statements and see if I can find where I saw that. They appear to still be paying the board members and officers as of the last filing. At this point, they ought to be tarred and feathered. How can there not be an update to the timetable for project development? Not that any of us would be likely to believe it, which maybe answers why they didn't bother.