0ne year
posted on
Sep 14, 2010 12:14PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
from now......there will be 113 million shares of todays kodiak plus 61 million shares for former ggr holders plus possible 15 million from ggr holders who have exercised thier warrants......for a total of 189+millon shares outstanding......soooooo my observation is......at that point in time there will be more retail investors involved and consequently more of a retail investor float versus todays smaller retail float......this should bode well for traders.....the more retail investors involved can influence temporary price swings....but that is only if repeated good news is forthcoming......if we again go through a period of no or negative news as has happened for the past year then god help us long term holders the price will tank again........and if we have to go to the trough to raise money again even more dilution.....which i again state that we may be due for share consolidation.....prior to the next fund raising........
without knowing what they have budgeted for area plays....i have to assume that by this time next year we are broke and our share price is back down to the 10 to 20 cent range.....not good if you want to raise 10 to 20 million dollars........
we have a lot on the go for a small exploraton company.....so i suspect that at this very moment mr. maher et al......are in the process of getting the share price to the 50 to the 70 cent + range so that they can do either a private placement or flow through....less dilution at this stage.......non the less a consolidation is inevitable......
i sure would like to see some financial data.....not just 20 mil at the end of the last reporting period......what would be more appropriate is we have 20 mil and plan on spending 3 mil at milestone,5mill at golden goose,1 mil at millenium etc....at least then one can make some some realistic judgements about future dilution and/or consolidation....