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 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
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