Post by
MaterialsMan on Mar 02, 2023 10:16pm
DILUTION
Fury announces an effort to raise $s at 3P.M. and the SP is down 10% by 4P.M. Juniors need capital to make things happen and since there are no earnings it comes down to 2 choices. Debt or selling shares. Why should that scare people into selling? Maybe Fury could have sold another chunk of DV. Then, the SP probably would have dropped 30% along with a lot of criticism. I personally would rather see Fury keep making progress with the drill bit rather than sit still and do nothing. How else can they raise money to make things happen. Some mining companies are getting free bucks from their respective governments, but I don't think it applies here. Perhaps it is a good buying opportunity.