Total BS.
The reason we're given for drills being sent back is because "they wanted to avoid dillution". So now, when the time comes around to not dillute further they extend warrants, options and take another PP!
They shouldn't be using a PP when they could be exercising all their options that are in the money. Using the ones in the money would bring in just under a million, and the options at $0.97 would bring us up to the $1.5M PP.
Not to mention that they didn't fill in a further $1.5M when it was offered earlier at less dillution. They aren't working in our best interest in this case as that's 2 scenarios where they could have avoided further dillution for the same amount of money AND when dillution would have been acceptable (i.e. the drills brought back and our pathetic exploration plan last year) they didn't!
Arghhhhh - someone explain to me what I'm missing here.
