recent events beg the question..., page-4

they went for the argonaut as you say, due to flexibility within whn capital structure for future M&A... what i am a tad concerned about is how much further dilution happens with new projects coming on... because new projects are usually not at the levels that usually give the sp a decent boost :-(
so upward sp movement on the back of La Bella and Seychelles work, might end up being tempered by dilutionary equity deals for new projects... we shall see what happens... i know that they have mentioned a few times -production asset- etcetc... and i do recall that the whn of old (post-IPO company period but pre-Seyschelles project period) had production assets in the USA as well as those Scottish windfarm assets... but they all ended up as nothing for whn, so i only hope if they go and dilute the company for a production asset, that the revenue from such an asset can at least cover the admin and ongoing exploration costs...
anyway, interesting times ahead :-))