Okay already!! You guys have done a 180!! Nothing has changed of significance in the last week.There was optimism in the drill program, they are doing an IP, they are doing all the things right.
When a company commits to a $34,000,000 purchase price for a property, they can only get the money from share dillution!! So yes, there will be further share dillution!!
Hopefully they have staggered property payments in such a fashion that they can explore and "find" deposits, jump the share price and then dillute!! Any property purchase in Chile that I am aware of has always included share distribution to the property owner.
An agreement would likely include annual payments of $x,xxx,xxx + expenditures of $xxx,xxx and share issue on the anniversary date of x,xxx,xxx to the owner!! So the 3,000,000 shares may have gone to the properties owners!!
the Chief |
