We all know that more capital is required to move on to the next planned phase.
I would argue that as there is no great urgency or rush going forward with the next phase... funding should not be done in such a way as to take value away from current holders.
Lets see how it progresses... I, for one, would be surprised if a deal came out of the blue that put current shareholders at a disadvantage.
GNX Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held