well, i can't complain with today's news....a big tick from...

well, i can't complain with today's news....a big tick from me.... a few people shirty about the 2.5% royalty.... but, to raise another $8.1m at $0.04 would have been an additonal 29% shares on the registry.... far exceeding the 2.5% royalty cost in my eyes....let's run an example of $200USD margin on $600USD sale price...it will cost CXO $15USD in total for royalties... that's 7.5% of the margin ($15/$200).... I'd much rather lose 7.5% than 29% via dilution.... this is far from accepting something when desperate.... most small caps, just dilute, dilute, dilute... it might be 10% here, 8% there... but, it all adds up...

also, this time last week, would any shareholders have actually believed they could in fact raise $8.1m at even 4 cents without a strategic investor??? afterall, there really wasn't that many interested buyers sub 4.5 cents this last week or two...it would have been a struggle i think.

it's much easier to say they could get $8m via equity now that we know Lithium Royalty Corp have had the gonads to fork up with absolutely no guarantees of a return.... i for one am a lot more confident after today... but, would i have been as confident or bullish last week, hell no! think of how you saw the company last week and then reassess today's announcement...