Frustrated holder, page-50

Yup. these boys somehow manage to burn through $55,000 a week out there (just for staff and admin costs - doesn't include exploration). Amazing stuff. And of course every penny is sourced via cap raises. A major reason for our current shareprice is the 4 big raises over the past several years. By flooding the register with hundreds of millions of new shares Tony has been able to finance this massive ongoing cash burn on wages, bonuses, admin, etc. The constant dillution has created no shareholde value. All we have to show for it is a bloated share register, a pile of cash slowly being whittled away, and a bunch of untouched tenements scattered throughout Mexico. Sad