For the record you forgot the million shares they printed in March 2014 and there may have been other shares for land deals in the past that I am missing since they certainly didn't PR the last one. They definitely have a fetish with selling shares at market bottoms. What is LODE's fully diluted share count? If anyone knows the current number let me know. I believe it is getting around 150 M. As I have pointed out before, market cap up, share-price flat/down. We will get to that billion eventually, the question being is it 200m x $5 or 150 x $6.66 (down from the $50-100 share potential this whole saga started with many years ago). I don't think LODE will ever have another RS unless gold stays very low for many years and they are forced to balloon the share-count to an absurd number. 130-200M shares is typical for a junior, let alone a junior producer like LODE. The only thing in my mind that will take LODE below a dollar is less than $15/oz silver, conversely $30 ag would probably put LODE around $3 or more (IMO), regardless of what they do.
It is not set in stone but I agree they will likely need one or two more capital raises to become profitable. If gold and silver go up they can probably do the last one with minimal pain and finally start to throw off some money from the heap.
What about stock options? Once Corrado gets up to the currently unprofitable 40k oz I think it unlocks another big block of shares for him as well. The guy has done quite well for himself (while the rest of us eat cat-food).
The thing that galls me about this the most is that Corrado says there is no dilution. He is even capable of saying this with a straight face.
I have been steadily reorganizing my portfolio away from LODE to higher potential investments over the past couple years, the number of shares I own being proportional to how much I trust management.
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