re: Ann: Noble raises $30m to fund extensive ... Why the enormous dilution?
30 million is a very large amount just for exploration drilling.
Why is there not choose the patient approach: get into production, create cashflow and use that for exploration.
Once in production shareprice probably is a lot higher and supported by production cashflow, therefore shareholder dilution can be minimized.
It seems like everyone is in a rush, afraid that the bull market in gold will end shortly.
Ann: Noble raises $30m to fund extensive drilling, page-2
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