RE:RE:RE:Due Dilligence Analysis: Is ANX Undervalued? (part 2)
I'm not keen on giving away more cheap warrants or shares. Anx can play a long game as it is substantially self funding. There are no big expenses coming up. I'd rather wait a year and have them gearing up for production on goldboro with more drill results and the share price already be much higher before they start diluting our shares with discount warrants and flow through shares to institutions that will just hold down the share price as the last several batches of warrants have and the next batch continues to do. If this was just an exploration or development company, getting institutions on now would be important but as ANX is already producing, it would just be giving away chunks of the company at a big discount. The share price is so low compared to anx value now that institutions can buy on the market and retail investors will sell to them.