RE:Oversold? Maybe my math needs upgrading, more like 5%.
And, yes dilution but they sold the new shares for more than the listed price, so yes dilution but the shares were sold not given away.
People do not seem to understand what transpired. Without addition money all exploration would have stopped in less tha 6 months likely. How else were they to raise money? Only way I can see is sell shares, sella portion of the property, or start mining which will happen but requires a mining plan.
Does not now matter the share price from the company point of view as they now have sufficient cash for the next 12 months.
Look at the positive, the charity shares benefits the company and the various charities and part of the benefit is paid for by the government in tax deductions.