RE:RE:DilutionI'll add a few words about Marathon....I was one of the very few who made decent money on it. I didn't buy when they were still drilling holes. I bought it when it was beat to a pulp. It then represented real value and had a takeover target painted on its back. They still had some finacing ahead of it but it was too cheap to ignore even so. SKE PPTA and TLG are in a similar spot. The market has crushed them. They all have significant catalysts due soon. They will all go on to be mines. They all can be measured relative to their NPV and some discount applied given remaining dilution...they are all cheap...very cheap. The object of the game is to buy cheap and sell dear. Buying when all the risk and fears are wrung out of them. None of them face permitting issues anymore even as there are permits still needed. They face financing issues but the quality of the projects make that a near slam dunk. They have factored in recent inflation as their feasibility studies are current. They have the grade and the ounces. They're in the right locations. Gold is in or sure to be in a bull market finally.
So...if there was no remaining risk such as dilution there would also be no chance of reward. It would all be priced in but the risk now is far less than the reward and that's why I own them and will hold them until they're close to pouring gold. I sold all my ARTG by the way....while I'm sure I left some on the table I can't get a decent answer from the company as to how the insiders will cash in nearly half the outstanding shares they control...sure won't be on the open market. My gain was good enough...I rented the stock
Enough said...let's talk after the feasibilty study is out