The record states nearly 150 million Soho shares fully diluted.
Taheuheuto is not in any way,shape or form drill developed to the point of sale or JV so a negotiating position of strength by management is not a present reality.
The recent large investors have not furthered the project to date.
Their investment is promising and it has allowed Soho to keep the lights on,however, management diluted their shareholders out to the max - a 50% dilution to shareholders for a few million dollars of investment capital.
Dilution is inevitable -unless a sale or JV is actualised.Whether the
dilution is upfront or othewise is another issue.
The latest news is hopeful but these roads already exist and no power is being extended to Taheuheuto,that I have read- to date.
In reality the power and upgrade extension of the road past Topia is talk until it begins.
I would like to see Soho develop their portion of the road first as a show of good faith to the community/investors and highlight the potential of the govt extension plan/power will be seen as more hopeful,if nothing else.
Soho has had capital infusions of 85 million dollars, if correct. The company marketcap is worth 10 million dollars today and a full one third belongs to the new investors/directors.The rest of us own 6.5 million in equity for the 85 million dollar invested in the company.
Most every private shareholder now invested with Soho has lost money and/or plenty of time.
Management continues to collect their salaries as public stewards to their shareholders and their primary function is to provide shareholder value while developing their project(s) expeditiously and to the best of their abilities.
The record clearly states what has transpired and my personal shareholder opinions are based partially on the pace of development and value of my investment capital in this company.
Perhaps Chux02 on the BVG.V board states a clear case of shareholder perspective/opinion.Bear in mid BVG shares are valued 600% higher than Soho shares with 35% less dilution to their shareholders,active investors,active drill programs and consistent capital infusion:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27614848&l=0&r=0&s=BVG&t=LIST
I hope you're right, as the shareholders have been more than patient and deserve nothing more than an appreciating asset. That would prove that management knew their primary job (which is developing Homestake into a desirable, high value, marketable, precious metal bearing property/asset) and that they were good at it. So far with ALL that dilution, an UNKNOWN resource estimate and the low share price, a LOT of us, needless to say, aren't too impressed. That low share price and the length of time it's been that way don't bode well for anyone here, management OR us....and TO NOT MOVE ONE PENNY ON GOLD'S BEST DAY EVER is unconscionable (especially as a GOLD INVESTMENT) and proof positive to everything I say...