Post by
drunk@noon on Jun 24, 2024 2:55pm
And CEO continues to diluted all he can be using 66 cent
shares to pay interest on loan rather than using the cash flowing though the door at 2300 oz gold.
Read the MD&A's Instead of using cash to pay interest on convert loan he is paying interest with shares. And he's running the company. He didn't find the property didn't aquire it, he did kill shareholders with the worse dilutive financing in the history of mining to build a low cap ex simple quarry operation oxide mine.. And now he's taking advantage of the a shareprice half that of what it was when the financing was announce, to issue as many shares as he can to pay the interest on a the convertible loan.
Stop with issuing shares and use a small pertion of cashflow to make interest payments.
Comment by
Baserunner on Jun 24, 2024 4:42pm
I guess that's where a lot of the stock is being sold is coming from! Tks