Minimise dilution, not elimiminate it. It is not possible to eliminate dilution without funding or finance. It is next to impossible to obtain finance before the bankable study, called so for a reason, and/or successful demonstration of the pilot plant with offtakes.
I forget it's name but a company in Australia just managed to receive a grant from the Govt to build their project, graphite from memory. That will certainly reduce or even potentially eliminate their dilution but BSX hasn't even finished it's PFS. There could be no grant, funding or finance from this early stage for BSX. The only way to advance was by raising capital. Once those milestones are completed BSX may be able to raise funds without further dilution, to whatever extent is possible. The company is fully funded to achieve the necessary milestones and if needing to raise again it will very likely be from a much higher MC, which itself minimises dilution.
What more could he do, spend company funds on tickets for the $60m Powerball next week?
Ha has not run the Company into the ground and raised at an unfair price for this early stage project
BSX Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held
