Their "flagship" property was the Keeley Frontier, not whatever you called it.
It was sold for 1,600,000 shares of Kuya @ $0.27/share, or $450k value. KUYA is now $0.45/share, so whats that work out to? I'll wait while you break out your calculator...
This was AFTER FCC gave them $850,000 in cash payments and spent some money on work.
And that was AFTER Sprott paid $2,000,000 for 50% of the company on the IPO in 2011.
Still think that it's a pittance? Additionally;
The Lost Dog was an optioned property, not whatever you called it. Seems to me that they were not going ahead with that property until someone came along and offered them what worked out to be about $0.50 on the dollar. So a chance to get off a dog property, finance, non dilutive, working capital to pay some bills in a very challenging sector; junior mining.
They are in the "exploration" business afterall, where you need to be able to make the sometimes difficult calls to pull the plug on properties that aren't working out. This was a win in my eyes.
MORE juniors should be doing this, not less. Too many juniors plow way too much money, time and energy into dog properties, only to drop them for nothing, or reduce the footprint over time, or simply watch them fade away, all while paying assessments annually. That adds up when the property often does not.
GD, my advice to you is to be more thorough, especially if you are going to continue to try to talk smack. You know little, and you show it with every comment you post here. Maybe open your mind, and please read till the end. You might gain some perspective or knowledge that you didn't have going in...or just stay ignant, your choice. But you hardly know what you are talking about here and you have repeatedly showcased your shortsighted analysis. Basically, you are trying to punch WAY above your weight class. And when you single someone out, they might just punch back.
Good luck to all, it's a grind out there!