My view is the contrary. Management want to minimize dilution...

My view is the contrary. Management want to minimize dilution and maximize shareholder return.

Given they too have a decent stake in the company, why would they want to unnecessarily further dilute themselves?

The past few CR's have been:
$2.1m at 0.013 (SP 0.017 01/02/21)
$660k at 0.006 (SP 0.008 16/09/20)
$1.25m at 0.01 (SP 0.011 04/12/19)
$661k at 0.007 ( SP 0.007 07/08/19)

Remember: they don't have the luxury of hind sight.




Substantial capital raises ($2.1m and $1.25m) have occurred at relative high points.

Lesser capital raises ($660k & $661k) have occurred when deemed necessary. Worth noting that these two are specifically for drilling programs. Programs typically designed to maximize shareholder return upon the return of good results. The current flaw with MRQ is that the market doesn't understand these results. But moving forward, I reckon the market's just about ready to wake up to the resources MRQ holds. Mineral Reserve Estimates and a Scoping study will translate these 'hard to understand' results into 'easier to understand' economic data (dollar value estimates etc).

I have good faith the next capital raise will be done to substantially move both the project and share price forward.