"Hemi has raised millions over the years in stock sales and yet they sell assets to pay for projects. "
Very good point PP... I was amazed to read the posts here by the Hemi supporters when the Wyo. lease sale PR came through. Most were giddy saying how this $475K sale was like found money... They obviously don't understand a companies balance sheet. All Hemi did was move an asset off the books and replace it with cash. In theory, if the asset was carried at FMV - there was no net benefit to the company (and us - the shareholders).
An analogy for all to understand. In your own personal net worth, lets say you have a home free and clear and its worth $200K. This $200K value is included in your net worth along with investments, savings, CD's, etc. Now if you sell the home and put the $200K in the bank, did you get more net worth??? NO - you just changed the asset from a house to cash.
