RE:Dilution of the Stock.True Tankerman but I think the dilution was going to happen at about that magnitude anyway in order to get the funding for the mine (otherwise it would become a salvage sale)
There are 600 Million shares outstanding. They would have done well to raise the $29.5 million (USD) at 8-9 cents per share (7-8 US cents/sh) so 350 Million new shares either way
The upside here is they have an industry vetern to move this along. They have been languishing so badly the last decade they need someone to come in and push
I have held a long time also - Bought because of the vanadium, stayed for the graphite