I wonder if in the history of mining there was ever a publicly traded junior mining company that never diluted themselves in order to raise money for operations and production...
Blah blah blah, dilution dilution dilution. Look at another junior exploration company and see where their shares are at and what their plans are for production. There may be exceptions but really, you aren't going to find too many under 200 million shares perhaps. The key word back there was "exploration" by the way - used with the word "production". Now, look at some junior "producers" and you'll see their dilution that has taken place for raising funds. Now, granted their dilution may have taken place during the initial booming gold price prior to about eight or nine months ago when their share prices were 90% higher, but they still diluted nontheless.
That said, look at the average timeline for some of these companies and you'll notice it takes years and years, and perhaps more years, just to get things going. Dilution was inevitably a part of it to some degree, and perhaps a buyback even took place. SFMI is doing it in less two, or even one and a half. A buyback is even to be expected. One can complain all they want about dilution and payments but with the grades expected Riditman's expectations are nothing but a turd stuck on the side of my toilet bowl. It's just a nuisance and better to be flushed away.
...um, that was really gross I know. But he/she/it/Riditman disgusts me to speak in that way...I'll be sure to flush twice from now on.
Okay, I'm done talking about that now. Sorry about the visual.
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