Bearing Lithium Corp BLILF

Cheap dilution for what?

[neosceptic]

Future capital call - that is for LPI's filed work.
"Working capital" - mostly for admin. salaries and I do not know what do they do. Filling tax returns and some regulatory papers, one part time consultant would be enough.

BRZ pretty much passive company, more like an investment bond (with very high admin. fees).
I am surely holding it, because it is absolutely undervalued, but I wish JV would merge in one more dynamic company with a lot less redunancies.

[tiger2201]

Hi neo, I am disappointed with this new financing & warrant exchange, hope this will be the lastt one they do. IMO, merge into a single company will be the next step, then sell the single company. I hate dilution, nothing we can do, just ride with the company.  Anything below 30 cents will be good buy! tiger

[EMTguy]

What happened ? 

[neosceptic]

I do not mind dilutions, they are necessary evil of any explorer, but there always a way to minimize effect, especially when "interest is high" which lead to "oversubsribtion" If interest is high, then the potential investor should pay at least at par, or risking pushing s/p very high buying it on open market. I.e. management could sell $1.2M worth of shares at .35 vs. $1.6M