It is not that you are ignorant, it is that you know so much that is not so. Dilution affects the pps, if they wanted the pps to rise , dilution would be none existent , debt would have been limited, until gold was in demand. There are many companies that do not reward management until the company reaches an inflection point. The only inflection point reached here is the hope that gold goes higher before they reach zero. Dilution is a company killer at this pps. Watch and learn. You do the dd yourself.