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Fairways18

04/15/09 6:29 PM

#20955 RE: Kidd #20953

I would not say that won't become a big deal because I think any time a company dilutes its shares it is not good for shareholders....especially those who bought at higher amounts.

However, despite significant progress towards production, the market cap of this company is 60% less today at $.02 and 3 billion shares than it was a year ago at 2 billion shares and $.07 price. IMO, this creates a great opportunity to average down and grab a much bigger stake in this company now than you could have had before the recent dilution.

This will be especially true if the Company obtains LT financing and uses some of it to buy back the shares they've HAD to issue to build the mill. If you are a believer that production is close and that they have billions of pounds of copper in the ground, than I think a few hundred million more shares issued will not be a big deal in the long run.

F18