I appreciate you taking the time to comment on my post (one that is positive, ha ha) and link that to other indirect benefits to the company. It appears you have assessed where I am coming from ( made more posts in this thread that I have sent in the previous ten years ) and glad you have gained some value out of it in terms of provided you greater clarity in response to your initial post in terms of assisting you issues to consider when departing with some of your hard earned.
I could write a thesis on the indirect merits of why to invest in the CR from a company perspective, not withstanding the current SP is lower than the market price, but you have touched on some of those themes. I would just add and reinforce that cash is king and drill rigs are associated assay work is not cheap and sourcing cash has a cost (debt vs equity). I would also add that if you are a long term investor, dilution impacts / negative sentiment that may arise post CR may be a opportunity to dollar cost average down or provide an opportunity to increase a holding. I have had lots of regrets when this has happened, eg have purchased in the CR and instead of being pissed with the share price post drop CR in terms of dilution beyond my expectations in terms and a bit of a further whack, saw that as an opportunity to dollar cost average on the downside after a CR / opportunity to increase the holding before a run good sentiment run took place or some positive exploration results are announced. More than a few woulda shoulda, coulda added the extra zero on the purchase price with the benefit of hindsight in the last six months when hitting the send on those buy orders.
PIO Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
