I got burnt very badly guys and still bitter after the first CR a couple of years ago but here are my thoughts after the fact.
It's pretty obvious the CR's for the last 2 years were geared primarily to pay off the huge debt(bankers are the only ones happy i guess) along with additional revenues raised in the processing the existing paydirt on hand, anything extra($$ viable exploration discoveries) was a supposed to reset the company for the next few years. This didn't eventuate unfortunately. NTM merger in theory was a step in the right direction, but the $$ have run out. Burn rate due to market conditions was and still is ridiculous.
With almost a billion shares on issue wtf hope is there to do anything? CR at what? 5c? The plant is worth more than the whole MC, madness. Dilution is not the solution. Takeover maybe? All IMO of course. Thoughts?
DCN Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
