Pacton has made a significant move into being a large player in...

Pacton has made a significant move into being a large player in the "Pilbara Gold Rush". Having issued 10M shares to MZN slightly dilutes the position of it's current SH's and provides MZN with a minor stake in its projects. Effectively we are at least getting about 1% of something and not 100% of what we had (how much??? who knows) and no capital outlays and/or further dilution as others have already stated. I have no geology education at all but have read others on HC outlining that we are an exploration company - so with that in mind, i think having some $ in the bank, the chance of some minor profit sharing down the track, and the ability to keep exploring makes this deal seem a little more positive than negative to me. The summary of posters so far though is more in favour of either hold or buy than it is sell. So if I may I will go with the flow, trust in Simon (whilst accepting the name), sit back and wait for the next two announcements before judging this one.....GLTH