Hey, you're more than welcome to have an opinion and state it despite the fact some of us simply don't agree. I would assume the share count has gone up and the company probably has raised some money just as it should have been expected to have. This shouldn't be a surprise to anyone. This business is inherently capital intensive.
I long stated I expected the eventual outstanding to be somewhere in the 300 million range when all was said and done. Unfortunately you can't operate a resource company without capital. We knew there was a lot of debt being converted to equity which in the big picture results in the company having a much cleaner and leveragable balance sheet.
Here is where I think your post is simply untimely, I think we've now already seen and experienced the effects of any dilution and debt conversion. I think it's now run its course for the most part. If accurate in my assumption, that which was holding the shares down should now abate allowing the shares to increase to a more equitable valuation. What you're pointing out is now already behind the company and it's that which has allowed some to take advantage of supply down here to build or add to positions. Someone has been soaking up a lot of stock down here and at thse prices, it doesn't take much money to amass a large position. Any dilution or debt conversions should have resulted in shares going from weak hands to much stronger hands looking for higher prices.
What you point out, even if valid in some ways, has only provided some with a longer time horizon a possible nice opportunity.
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