This talk of dilution is a possibility only. Not a certainty. Ill tell you why.
When they start selling the copper and making millions in profit then there's no need to dilute. When they've proven the workforce is capable of getting said copper in bulk they can start hiring more staff to train up to feed the new equipment coming in. Making tens of millions In profit.
When the staffs fully trained up and on time for phase 3 they can get more plans in place to open the other mines again and start pulling in more equipment and staff. Also explore a bit.
Do you see where I'm going here?
If he's a competent ceo which i think he is he's likely to keep the shares the same.
If he's an excellent ceo he's likely to condense the shares down due to peoples perceived fear of high shares in issue. This alone would make the share price go up. Shows confidence and future planning.
I'd say 25 percent chance of dilution at best. If a problem crops up. V unlikely.
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Unless they consolidate the shares it won't hit double digits IMO. However u are looking at about a penny by end of year and 2 or 3 penny by end of 2022 all going to plan. In a strong copper environment.
Interestingly you can use aluminium as a replacement for copper....but there are good reasons why they don't and why copper is still king. Besides even if there was a world class outstanding discovery of pure genius in that scientific area.....it wouldn't be able to take off for years due to all the factories being tooled up to use the Cu. So this stocks a yes from me. I'm convinced. Ill be adding to the ISA.