Time and patience has so far equaled a lower share price as our progress founders, further dilution occurs at successively lower prices and repeat ad nauseam.
IMO the last capital raise was one hell of a coffin nail for existing shareholders. Not sure at the rate the company is going that it will be able to lift the MC enough to provide returns to any except the Johnny Come Latelies and the future Johnies who, if the pattern continues, may well be participating at 80 cents, then 60 cents.
Blaming the CEO for repeated failures is no game as you have suggested. The guy spends money like it grows on trees, for little communicated progress, and has the tactlessness to publicly boast about his capital raising prowess in interviews.
You've been around long enough to have experienced the successive dilutions at lower and lower prices so I genuinely congratulate you on your ability to stay positive and believe you'll still be holding a worthwhile piece of the pie in 5 years time.
Did you manage to ask or do you have an opinion on whether further acquisitions are likely and how will they affect the very optimistic production timelines recently quoted?
On Steve Garwin, I used to listen to his talks and even submitted questions to him during presentations back in the day. Would have to say following the past 2 years of failure at the drill bit, his rockstar status may be waning.
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