Post by
Lenard49 on Nov 22, 2016 11:08am
again more shares issued
When I purchased shares back in 2010 there were 56,561,131 shares issued. Since Sprott and company got in, the Feb, /16 Financials indicate shares issued as 270,542,168. Equity becomes 20% of what it was and the share price reflects that. It went from a little under $2.00 to $0.46 yesterday. Now we see 10.5M more issued. These clowns keep digging a deeper hole and forcing down the equity position of the shareholders.
The only winners here are the major shareholders who look after each other and some employees. Sprott and Osisko are the winners.
Somewhere this bilking of the shareholder has to stop.
Comment by
Smitty2000 on Nov 22, 2016 3:43pm
i like the fact that they have more money in the coffers to do more drilling and exploring. i bot in a year ago after all the bs was cleared up. i think this has lots of potential for a big gold producer. i will continue to buy more if the sp weakens any further. it has some very significant upside. with sprott and osisko invested, i like what the future holds. their property is rich in gold.