RE: Spectacular results according to Ai20 May 2026 12:46
It’s all too predictable, too incremental and although patience can be a good thing in this specific case it’s a race between slow incremental increases Vs billions of shares each time they need cash.
The results are ok and the project seems ok but the value add constantly gets beaten down by Mega dilution..
Gold’s 4-5k - the conditions couldn’t be better but as I said at the time too much damage was being imposed on the cap structure before Bcm even got involved,
Going to hold my recent position for now but feet itching and I can’t see big catalysts to overpower the next inevitable confetti,
1-2 million jorc pays nothing has to be 1 million in m&I category and how long and how many more new shares needed to reach 1 million m&I?
This slow steady, kinda vanilla progress is ok for BOD - more awards at low prices
-the longer it all takes the more high salary they get paid
-they can just dilute and dilute and adjust their options and perks to compensate
No wonder it’s not getting the attention imo