Think of it as a charity to the company so that investors have liquidity to sell and then use that liquidity to get cheaper shares through a CR. Then the cycle of life flows by allowing Popal to increase his salary again. I believe the company’s aim is to get admin and corporate costs above exploration expenditure so that more money goes in pockets rather than in the ground. Plus it’s a charitable way to fund someone’s adventures in Greenland.
So if you’re feeling charitable, it’s a good reason to buy.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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