An it should "Put people off investing", the amount of shares in issue demonstrate the performance of the company and the BOD. If they cannot turn this around then they should give up!
IF they have a fantastic find and can prove feasibility, then they should be able to use the JV to get this mine operational. They should also be able to achieve funding without further dilution. And when the mine turn operational they should be able to start buying shares back. That is of course if they are successful.
If they consolidate, the only reason for doing so would be to dilute, If they ever do try an consolidate sell as quickly as you can, is my advice. These muppets will just see it as if more money had just miraculously appeared that they could help themselves too.
Wressmycase: the only way the bod will see a "fresh start" will be a new lining of their pension funds.
Deli was a fresh start, and look at the result, too complex, unable to JV mine lost! Mustk was a fresh start, and look what happened, 1 year no activity, 2 years and a 78% total dilution and still no results. Silverton, was a fresh start, and look what happened, form the outset it was not the mine Birdy promised, in fact it was the opposite from what Birdy promised.
Please no more Fresh Starts...... Make it happen now or accept the facts that the BOD are in the wrong business, and lets not continue to fuel their incompetence with more cash!
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