While we continue to raise money to explore we continue to get diluted. The market cares little about actual drill results....and in fact our stock continues to get crushed due to the wastful spending....with no absolute deal about anything I might add.
Our loan facilities cost in shares continue to rise and RCF continues to accumulate a higher overall % of the total shares.....at the expense of all other existing shareholders.
At these prices....while still moving lower, I might add....how many shares will 3 months of interest cost us this time? Looks like we are going from under 1 million to 1.5 million shares or higher?
The market throws around numbers like 60 billion in minerals...potential for 160 billion...says things like the next oil sands and such....so they drill more and consolidate more...and so what if another 10 or 20 billion...the market yawns....why is this so?
This looks like it's going down as the biggest ripoff ever