RE:RE:RE:RE:RE:Tudor's $7 million private placement
I also believe TUO is a better stock to hold than TUD due to the dilution required to fund continuing exploration. However, I still support Dino's participation in the PP earlier this year. I believe it is money well spent especially if KK is still finding resources at around $1/oz. All the drillings so far this year has increased the value of TC and the ultimate price buyers will have to pay. The other option to reduce dilution is for TUD stop all drilling and exploration until the market price of their stock improves so they can obtain funds at a lower dilution rate. Would waiting another 1 to 3 years before drilling continue be a better option for you. I am not getting any younger so I rather TUD continue full speed ahead with their exploration program even if they have to incur slightly higher dilution.