RE:To repeat the questiontempletooth2 wrote:
Sorry, future drill results are meaningless unless Fort Knox suddenly gets moved 20 degrees northeast.
Does no one on this board care to GUESS the amount of the equity raise?
As I posited earlier, the range appears to be from $75 million to $260 million. Could drive a truck through that estimate range. Which is why it's so important to the stock price: at $1.60 per share, a modest discount to today's price, we're looking at at 47 million to 162 million additional shares on top of the current 270 million shares. So that's 17% - 60% further dilution.
Again, guesses??
Exactly. Somebody bid on this outfit and put us out of that dilution misery. Sitting around another couple of years - listening to the likes of phd thesis guy telling us "which way the wind was blowing yesterday" and "know what you own" riddler dude (or dudes - the guy uses 2 user names) wetf that means. I'm back to being fine with 2.50 tomorrow and walking away from this. ave sale 3.42 in 2021 with clowns chatising me for selling all the way up. again, stupid of me to not unload my remining shares at 2.50 as i had promised myself.
unless a bid - this is dead money for quite some time. and i have to agree that unless they hit some crazy holes - drill results are not going to do diddly. so with no takeover offer.... either gold turns around or pack this thing in the closet for a couple of years. full sails with no wind.
tC