RE:RE:One Other Quote from Rob Theoret on the 6ix PresentationAgree 100% sw248
This time of year is always tough on corporation's who under deliver for exactly the reasons you mention.
How does a junior raise capital when cash is decreasing and the year did not go as planned or hoped?
Is HELM willing to increase the $5 mill Credit Facility? That would send a hint of confidence to the markets as HELM would have a good handle on this one now.
As seen in the past, smart money sells cheap shares at a healthy profit, and reinvests that profit back into private placements, options, etc to vastly increase their holdings, while ensuring that cash goes directly back into the corporations treasury.
Possibly why a million expiring options were also extended the last quarter.
Great strategy if you are in a position to do it, and every little bit helps on the treasury side of things .......
Problem is, it is difficult for any junior miner with almost a half a billion shares outstanding and no revenue, to price PPs effectively without further heavy dilution which of course significantly affects every shareholders percentage of ownership.