RE:RE:RE:How do they justify the further dilution?Yes. Rio is a seasoned and experienced player. They know they have no competitor. They just spend small amount money to derisk. But they all know. 0 risk means high price. Actually even permitting finish. Rio will not pull trigger. Because no other competitors have ability to spend $4b to construct. So they have patience. Yukon only have 40k population and no worry feed their people. Yukon have patience to develop their assets. Only us. Put these dead money into it.
Why they accept these unnecessary money by dilution? Maybe this is request from us to Rio. Money and dilution can show that Rio still have interest on us(they wish they can give some to market). "Rio do not give up us". It is bitter and helpless move.