RE:RE:RE:RE:Soma now at 52-week highI'm an investor for capital appreciation and dividends are secondary to me. It's great insiders own over 70% of the outstanding shares but it also means the float is extremely small. Using equity to fund the mill expansion and the fleet of the new mining equipment, would result in Soma using institutions to raise the capital. That would open the float up and bring more trading volume liquidity to the stock. Today Soma's stock volume is extremely thin and is likely the reason for the tiny institutional holdings.
Obviously, I would not want a ton of dilution so an equity raise would have to be much higher share price than today. I like the idea of not accumulating debt, having the funds in hand quickly. They don't have the Gold resources to justify the expansion today but they likely will in 2 years.