I think we need to keep things in perspective when it comes to dilution. The other explorers I can think of like MAY, PCL and of course 88e are orders of magnitude more diluted than we are. I believe Scott when he says that they are pursuing other forms of funding but at the same time I think this is far more likely after a successful flow test. Hopefully these sorts of cap raises will be a thing of the past in the not too distant future however I am pleased that existing shareholders can participate in this one
Ann: Trading Halt, page-249
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