RE:RE:RE:RE:RE:Talk bout screwing the stockholders
You are correct, every company has to raise money, and that costs. The problem with FT is that they went virtually bankrupt on the Silver experiment, and gave away the store already with 280,000,000 Million shares of dilution and being 4 Million in debt. We all saw this coming (hopefully) with respect to their 17% dilution for barely enough money to pay their existing bills. FTs IRR was only 15% at Cobalt levels of $16, and now sinking due to dilution. It's hard to believe they had to give away 17% of the store, just to keep the lights on. You got to ask yourself, how much dilution will be needed to raise 600 Million dollars of CAPEX, and they are still waiting on their Environmental Impact Statement. Compare to the other horse ECS. They got 4 times the value selling shares for a buck instead of a quarter... 4X!. ECS's money is going against CAPEX since they have money, bringing CAPEX to 135M now (not 600 million dollars needed with 300 Million shares). ECS's IRR was 25% at cobalt levels of only $10 (now twice that!), with the BFS coming out in 2 weeks. Both ECS and FT will/have dipped. Cobalt is rising again. Pick your horse Gentlemen.