RE: Breakout2 Feb 2021 08:20
Mineralex, don't for get the additional 216,258,741 shares issued since 01/01/2020, 25%+ dilution, giving a total of 1,047,905,778 shares now in issue.
On the 31/12/2019, just over a year ago, this company had 478,727,565 shares in issue. Junior explorers need cash and issuing equity is about the only way to get it. Given all the cash they've raised, however, is it not unreasonable to expect them to have a decent prospect on the books by now? It's not even jam tomorrow with this one but jam a fortnight the leap year after next.
I do hope you're right Mineralex but this company's track record to date has been dire. I suspect the recent RNSs had more to do with getting the placings away than anything else. We shall see soon enough.
TDT