Goldcorp has not put 1 cent into Kings/Cerro since 2007. They have no interest in this deposit due to low grade and small scale. That is why they have been diluted down over the years. On a positive note the dilution has created more ownership for Cerro shareholders but come at a steep price. So much paper in the common float structure due to Goldcorp not funding us for years. When you float paper at 6 cents a share during the GFC the dilution factor is overwhelming but we had no choice and better than going bankrupt.
CJO Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
