GREY:RVRCF - Post by User
Post by
factRbeston Apr 26, 2017 8:57am
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Post# 26167119
Wow from this article
Wow from this articlehttps://www.northernminer.com/news/site-visit-idm-mining-pursues-dual-upside-red-mountain-nw-b-c/1003782420/ From the Article
The writer asking, concerned about dilution IDM’s relative ease in raising capital over the past year has resulted in equity dilution. The company had a relatively high 283 million shares outstanding at press time, and closed at 14¢ per share for a $40-million market capitalization.
IDM has traded within a 52-week range of 6¢ to 26¢ per share.
McLeod characterized IDM’s current capital structure as “not a major issue” but said it would be “something to watch moving forward” as the company sets its sights on beginning preliminary production at Red Mountain by 2018.
So he got the FD OS up to 493 million. Sure was something to watch.
Maybe the dragon can comment since he owns a good chunk and has bought recently.