RE:RE:RE:RE:Defense Metals Acquires 100% of the Wicheeda REE ProjectMaxmoe,
I detect some sarcasm in your response... the use of irony to mock or convey contempt.
I offer a different perspective for consideration:
When ownership is "wished for" or even desired by a second party(Defence Metals), and corporate wealth is not readily available to purchase an asset such as Wicheeda of uncertain value, a deal with the then existing owners to transfer their ownership under certain conditions can be, and in this case was, agreed. I suggest that insight into the current financial structure may be better understood if one considers the situation from the point of view of the previous owners.
Defense Metals has serious need for Cash to leverage their mineral exploration and chemical processing expertise.
Their recent ownership transaction provides the opportunity and responsibility to manage future development at Wicheeda. Dilution per share occurs only when the asset received is of lower “value” than the price paid, in other words issued increase in shares outstanding can be immediate dilution to (example) EPS but not necessarily dilution to other critical company valuation metrics.
The previous owners of Wicheeda have started to monetise their original resource by added to their Cash position and sharing ownership; adding exploration and mineral expertise; and passing management control to Defense Metals.
I look forward to Defense Metals development of Wicheeda in a similar manner and do not anticipate that their required funding will be facilitated through Debt alone…. significant equity participating is my expectation under current circumstances,
Peace,
Good Decision-making to All,
ElJ