Friday, May 16, 2014 7:22:46 PM
It is not set in stone but I agree they will likely need one or two more capital raises to become profitable. If gold and silver go up they can probably do the last one with minimal pain and finally start to throw off some money from the heap.
What about stock options? Once Corrado gets up to the currently unprofitable 40k oz I think it unlocks another big block of shares for him as well. The guy has done quite well for himself (while the rest of us eat cat-food).
The thing that galls me about this the most is that Corrado says there is no dilution. He is even capable of saying this with a straight face.
I have been steadily reorganizing my portfolio away from LODE to higher potential investments over the past couple years, the number of shares I own being proportional to how much I trust management.
Recent LODE News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 04:41:58 PM
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- Comstock Metals Welcomes U.S. Senator Catherine Cortez Masto • GlobeNewswire Inc. • 04/26/2024 10:00:00 AM
- Comstock Metals Completes Commissioning of First Facility • GlobeNewswire Inc. • 04/25/2024 10:00:00 AM
- Comstock Extends Existing Promissory Notes Through April 2026 • GlobeNewswire Inc. • 04/24/2024 08:15:00 PM
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- Comstock to Host 1Q24 Earnings Call on April 30, 2024 • GlobeNewswire Inc. • 04/19/2024 08:41:03 PM
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- Comstock Announces 2024 Annual Meeting and Record Date • GlobeNewswire Inc. • 03/27/2024 08:15:00 PM
- Comstock Announces Full Year 2023 Results • GlobeNewswire Inc. • 02/28/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:38:38 PM
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- Battery & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 02/02/2024 01:35:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 09:26:11 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:22:11 PM
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