You can't talk about a fully diluted m/c of $9.5mand then say...

You can't talk about a fully diluted m/c of $9.5m
and then say they have no cash as the implied
cash value of that m/c would be $1.8m.

Current m/c 504m x 1.4 =$7.1m and no cash.

Since we're talking about m/caps why not comment on
ORO nearly $15m
ARO about $10m

and a few of the pump stocks that actually don't have anything atm and little cash and only blue sky statements
that will cost a lot of script when they do get something
with more dilution to follow once they start exploring.

EIO 800m @ 2.6 -$20m +
BDI $10m +
CEO About $22m undiluted.
My favourite atm is MUI with 370m shares @ 2.2c but coming soon another 210m shares to be issued for $21000 with a free option(that's right $21000)and 250m shares as part of cr @ 1c.

Not happy with GDA at all atm but waiting for corunna downs and Lindays nickel.Maybe a bit of bonus with a few other tenements or at least farmins.


With the appetite for risk with penny stocks at least there won't be cr @ .005 or less.
Got to give them credit for that at least getting by
over the last year.They actually did work as well.
Maybe near 2c soon would be a bit better with a cr at
1.2-1.5c.
Wouldn't put it on the worst stock list yet.