Shares on issue is not a big factor, the EV and MC are the main factors.
SOI can be consolidated at any point and not affect the MC.
What I like, (but DYOR.)
I like Regals investment in BLK of 60 million shares or so around these levels.
I like BLKs ability to pay of debt quickly, with $3 mill/month type figures.
I like the fact that they have $25 mill in cash, so the hard raising stage is over.
Entitlement raise is good to ensure more sticky holders as many will get their average down and be pleased with the offer and still want to be part of the success going forward. This entitlement raise after a deep retrace can often be very successful. I remember AJM did a similar type raise at 1c, and it marked the big turnaround.
I like the outstanding gold production figures, with other very hot sectors of Cobalt and Nickel.
I like the early Gold production stage as a place to enter for a longer stage hold.
See how we go, but certainly only invest once you are happy with their set up.
