RE:Serious QuestionSerious answer. Looking past this offering, which seems a charade, RCF will definitely be in control if they aren't already. Share dilution by some 38%.
They have at least one member on the board already, maybe two. I don't doubt they are calling the shots.
Other board members have experience in obtaining financing etc.
In short, the board members have all the ingredients to take this project to the next level.
Having RCF in such a strong position protects shareholders (mainly themselves) in the sense that it makes it harder for some large company, like Lundin, to jump in and take over the company for pennies on the dollar. Ok, I get that!
I hang my hopes on the drill program. Surface drilling now, results in January, then we are told, underground drilling. Anyone who has followed and owned this stock for as long as some of us, KNOWS, there are a massive amount of minerals, lead/zinc/silver and a bit of copper, that has yet to be proven. I speculate that a 35 year mine life is well within the realm of possibility. BUT, I can't prove it.
I've got no choice but to stay the course until the initial drill results are out in January.
Good, bad or average, I'll decide what to do then.
The goal posts have been moved forward so many times over the years, it's a little hard to believe it won't happen again.
It's also hard to believe that management and RCF, gives a hoot, about us retails.
That's my serious answer.