Comstock Inc (LODE)

[Rock Hound]

Disappointing Q2 Report

Well,for the first time,I begin to see why LODE stock is so weak, in spite of all that money coming in from Tonogold.

LODE seems to be burning through about 3 to 4 million dollars a year, with little apparent progress toward actually putting Dayton into production, at a time when gold prices are quite high.

Comstock is also diluting their stock: About 10 million additional common shares in Q2, if I read the report right.

Focus, guys. I continue to read a lot about the Tonogold deal, and about Mercury remediation, but the lack of news about Dayton makes me wonder if the anticipated gold values are proving to be disappointing.

What do others in this discussion group think? You guys probably know more about Comstock than I do, although I am learning.