Well my two cents on the mill and dilution : getting the mill operational will take further funds and for this company will have to dilute. I am not sure why anyone would think company can operate with no cash and no dilution. Even if company only needed to generate cash like last year, $400,000, that would be at $.02 that would be 20 million shares, excluding any shares issued for services or any remaining balance on the convertible notes. I still feel comfortable projecting they will reach the 150 to 200 million outstanding share level this calendar year sometime.
Doesnt mean a bad speculation, but again IMO company cannot operate with no cash, and that means some dilution. Second to raise real money for exploration and development that means a reverse to get share price to a level serious money might come into this company. CFO has a big task ahead of him.
Could be a surprise though if nearby producers cough up money for mill if terms are to their liking. Of course we dont know terms of the "orders".Of course no idea how they have paid bills last three months. Of course no idea remaining working capital necessary to get mill operational. Very frustrating for an investor.
I admit it is certainly a possibility all vendors accepting shares or someone paying their bills, but wouldnt that need to be disclosed such share issuance or loans to company ?
Or is company in worse shape than we suppose ?
AI
