Kozuh GWA, plus update. Your right, we got a 3% dilution for something I don't understand very well yet. What I do know about this mgt is, for the last 6 years, they are fiscally responsible, and running one of the tightest, lowest CAPEX starts up I have seen. They are focused on saving costs & making money. They have turned down tons of money while the insiders keep adding their own funds in the private placements. Frazier Elliott took over 1M shares at .19 yesterday, when he could have chipped away at the free traders and got them at .15 as I have been doing lately. I have some hours of seat time with him, all of them for that matter. As the other poster said, GWA mgt are class acts. They don't BS or pump and they know what they are doing as they have been quietly moving underground for a bit now with not a word. They are focused on being the next Timmins gold mine and their not going to sell us out for less than 1$.
I suspect the right time will come and they will start promoting or let the market do it as the progress unravels.
I dont have it figured out yet, but they are working on some other out of the box value added processing ideas as you can gleen from past press releases. Trust me, those ideas weren't fluff. The ore sorter, being delivered any day now, is going to be an eye opener. Dont be surprised to see an early press release where they pull gold from otherwise useless development ore.
As to the financing, shareholders always pay in some form. When you fix your house, you dilute your dollars? Did you increase or decrease your net worth is the important question. Knowing mgt is smarter than me, I trust they will be increasing the net worth of the future value of the shares. Keep in mind, the option that other companies chose was to borrow more up front at higher cost. Gowest chose just enough up front and are subsidising with lower cost capital as they go.
Checkmate28
