It would really take a lot now to get to a 40mill market cap.
I agree 100% that the dilution needs to STOP. And they need to start demonstrating value from their assets. It seems as each month goes by the only thing that happens is the REAL value of each share is knocked down as the number of shares increases. Somehow they need to produce and secure processing plus explore without reducing the percentage value that each shareholder owns. It's ok as a director if you have experienced dilution.... Easy fix.... Issue yourself a lot more in lieu of whatever you like and your percentage value of your holding stays the same or increases. It's everyone else that gets screwed when more shares are handed out. And it this level, with no news, I believe (and have seen it before) it will go further south on low volume. One other poster suggested this is rock bottom... Unfortunately 0.001 or 0.0000 is rock bottom. They just have to ramp things up and also explore on the assets that were spruiked hard in 2014. There are certainly too many shares. Regardless of market cap. People look at the amount on issue and cringe. I have liked the look of this company and really wish they could release an announcement that actually relates to their business... How good would it be to read... High grade copper found in existing mines on new tenement. Or bonanza gold grades found at..... Or binding processing deal for X amount of tonnes of copper and gold per year signed (ok maybe dreaming)... many here would be happy to see 0.008-0.012, but I wonder when (starting to think... If) that will ever happen... Sorry for long winded post. Hope it makes sense as phone is playing up. Cheers mitz
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Open | High | Low | Value | Volume |
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1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
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0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
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