Same old story

Essentially hopeful shareholders fund a storey
get excited at each drill and positive announcement
fund some more.....
see their holding % reduced
but believe that their holding value increases as the asset increases faster
Suddenly ..... the company is nearly broke
needs to bring in major holder(s)
positive announcements continue but they seem suddenly to be rehashed announcements
more capital raised
major new shareholders and management control the company for less than 1 cent in the $ spent
company gets delisted
someone buys the asset
New company listed
Same old same old
...start all over again