RE: Another Private PlacementLook at the cash balance on the latest statements. With Tim and the whole gang over there continuously for 3 months and legal fees piling up, it does not take long to burn through the cash. If they have to make any payments on properties upon getting a concession granted (which they do for the boron) it does not surprise me that they needed to raise a few more dollars. Warrants at 50 cents means that anyone involved thinks it will move up. We have not gone over 50 cents more than 2 or 3 times in the last 3 years.
I like the fact that Erin does the PP's for small dollar amounts to reduce the amount of dillution. A couple of hundred thousand dollars at a time hoping to get things done before they need more. Unfortunately, it has taken a lot longer than anticipated.
Oh well, I don't think the dilution will hurt any of us in the end. This is going to be bigger than any of us imagined.