Ann: Lanthanein Placement Raises $2.2M for Lady Grey Exploration, page-50

I think UFX's point is pretty simple. 1. You must raise funds to do exploration. 2. Not all exploration leads to economic discovery. 3. accept reality.

No one wants dilution, delays, extra costs, admin fees, but they are all part of the game.

LNR, like all other minnows, lives and dies by the chances they take on exploration. There's a good reason most go broke, swallowed up or delisted. For that reason investors aren't looking for 10 baggers because they're greedy - they know most of their speccies are going to end badly so it's necessary to make an overall return!

Issued capital blow outs will always occur where there have been false starts. Believe you me, as an investor in FNT from as long ago as 2008 I am very familiar with false starts. The issue is - what are they doing with the funds? what value is it potentially making?