RE: Points5 Dec 2024 12:10
Deadwood, you are one motherfudster. See Tomhuk's helpful earlier post, to you I believe, so will you listen for once:
. BOD will receive 15,000,000 shares for commencement of Hussar drill
. BOD will receive 6,500,000 for the resource upgrade.
. BOD will receive another 10,000,000 when commencing Mt Winter.
. The initial 21.5m shares is 22% dilution, as fully identified in prospectus.
. The alpha fund 7.77% is non-diluting and already on the books.
. There is a total of 20,488,262 warrants to convert at a dilution of approx 21%.
. Remember the very small float currently, only 97m. This is not HE1 or MSMN with billions of shares swilling around. And with regard to Hex, which I also hold, although currently funded, should the current testing continue to disappoint..... well we all know the rest. Remember also the equity stake already held by the BOD and contrast with say HE1. Even following dilution, Gex will still be very small number shares in issue.