Have calculated that dilution is approximately 22%. With the addition of new shares the marketcap at .8c will be close to $6mill. Plenty of growth ahead leading into a drill backed up by a solid bank balance.
My only concern form a short-term perspective is that many Baker Young sophis are stag traders so with the release of shares I expect there may be some selling pressure on the share price for both fpo and oppies.
Drilling rig is now obviously being sought and I am not sure what the demand is like in Haiti, could happen straight away or there could be a bit of a delay before drilling can commence.
I'll be looking for opportunities to accumulate more shares on any weakness.
DDD Price at posting:
0.8¢ Sentiment: None Disclosure: Held
