$10-13M is a disgrace. A few million would have been acceptable. With oppies that will amount to 25-30% + in dilution. How did this happen? What has gone so wrong to cause this amount of dilution? There doesn't seem to have been to much info announced in the past couple weeks other than some fines issues causing blockages. Clearly there are more issues to require such a large and dilutionary CR and supposedly so close to production. Are we not already producing? I know last quarter there was only $28K in revenue but surely that must be ramping up if gold already produced??
We need actual answers from the management as to WHY!
Exactly how much the directors will be taking up. They certainly have their snouts in the trough for the fee and then also their $200hr rate on top.
Is RJ participating here? A sizeable parcel to RJ and other management here would instill some confidence
VTX Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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