RE:RE:Anyone else still stuck with this stinker? I find it incredibly disappointing.
If this is the kind of mineralization they've been working on for almost 10 years while diluting at their rate I am truly embarrassed by my position.
17% increase in indicated gold, plus an expected conversion of previously inferred ounces.
Was that worth the issued shares going from 39 million to 206 million (plus 42 million outstanding warrants at dirt prices, up from 15 million)? How can anyone expect that the stock price will ever recover to 2012 levels with that dilution and debt? They don't even have long-term rights to the land.
Predication time: the next release will be some vague positive news with a multi-million stock option grant thrown in at the bottom for the "directors, officers and consultants". I wonder if they'll invoke every long's favourite TSX Venture Policy exemption.