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mjkiii

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mjkiii

Re: Lojiko post# 937

Monday, 03/15/2010 4:32:48 PM

Monday, March 15, 2010 4:32:48 PM

Post# of 26631
WTF..If I read it right, that is a huge dilution for only $10,000.000.00 USD when they should be producing that much revenue every 45 days. Who put up the money??? Why did they seek it???

With a June production announcement of 40,000,000 oz. in fiscal 2010, that could be announced in the first week after May 31, 2010 year end; the price would have jumped to at least $2.00/sh and they could have sold only 5,000,000 treasury shares to get the same money.

Somebody explain this to me....
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