RE:I told you not to trust Marz and that he will dilute us moreI appreciate and respect your post, because rather than just make fun of someone, you actually referred to an action wm took and made specific comments about it.
I don't like the dilution either, but what else given present circumstances should they do?
If we want them to drill, they need $. The cost is $36mil, of which $4mil is administration as per their latest corporate presentation. So $32mil will actually go toward drilling. Unfortunately with the share price still so low, there is significant dilution. I think moving now to secure the funding in some pretty unstable times-think Ukraine, China/Taiwan, runaway government spending and money printing, and additional interest rate increases-is actually the responsible thing to do.
One sure way to crash wm is to get short cash and then need to do a raise under bad conditions at the last minute when everyone knows you need the money.
So if you really don't like the raise they just did, please explain what they should have done instead.
Thanks tndl