RE:RE:RE:RE:A few points1. No diluation
Not sure how there could be any dilution, in any way, because the company did not issue any new shares. There was no dilution.
2. PYR is immune anyway
PYR is immune anyway. There is a majority shareholder. The December shenanigans did not change that one iota.
And, PYR has an excellent balance sheet and no debt, is wholly capitalized for the mission. The December shenanigans did not change that one iota.
3. December: A well-calculated play! The authors may have made a lot of money for themselves. But, because the PYR has an excellent balance sheet and no debt, is wholly capitalized for the mission, PYR does not look to shareholder transactions as a revenue source. PYR has no need for shareholder transactions as a revenue source. Oft said, but bears repeating, the company is distinct and separate from the shareprice.
4. Ethical kudos to PYR!
Look at what happened. PYR changed auditors. PYR did not have to change auditors. By changing auditors, the new auditors recorded things differently. By recording things differently, the "loss" was recorded. A biggie. PYR did not have to do that, and could have stuck with the old auditor, and one assumes the "loss" would not have been reported as it was, had PYR stuck with the former auditor. PYR did not have to do things that way. Way to go! Bodes very very well for the future.
5. Shareholder expectations...?
If one is seeking a quick return with a magic wand surprise "contract", things do not work that way with multi-billion dollar companies. If one has that kind of expectation, perhaps seek other equities. This is a long-haul, multi-year journey.
My own expectation: waiting to see the new global CEO of Rio Tinto come into his own in the next couple of months. He has been there since March, but officially takes over soon. A former Canadian Ambassador. Generally, former Canadian Ambassadors have "Canadian interests" as part of their blood and bones. I like the tea leaves, if you don't mind the speculation.