many of you are forgetting the investors who underwrote (read...

many of you are forgetting the investors who underwrote (read paid 20c) for the options last dec. Those guys would have been in a heap of pain. Those options kept us going. If this raising at 8c (see malmoe post) goes to those same guys it will even the slate somewhat.
A raising at this time will be insignificant if Hammermet is successful. If its not, would you want these shares at 8c?

JKA in Jan had just enough cash to drill HW3 and Aje. With the extra costs of drilling and other activities its obvious they dont have enough for remainder of year.

I think we were all hoping for another rise today, but, a prudent board, if it needs cash, will not wait for the results of a drill. We have seen this over and over again.

For the ST traders this would have hurt. for long termers its a necessary evil.