X Sorry that I could not answer your post until now, but we appreciate the comments as usual. It seems that dilution may not be necessary with the increased dej production and new production near as relations should be improved with its banker and also the JV actitivity and C.A.s in the mill should give flexability. Here's to good news in the next few weeks and keep the thoughts coming, GLTA
If you ask me about DEJ, I would say DEJ is with zero risk in the future although we may face some worst things in the near future. I think the possible worst things are just some psychological issues, not really significant. But the possible good things are tangible.
We can imagine many possible things for the coming AGM.
I will not comment the possible good things because everybody here knows those things ongoing.
The first possible worst thing is dilution for the $1.5MM bank payback at the end of June.
OK, lets say we must have a dilution at $0.10 per share, to get $1.5MM we need issue 15MM shares, that means 10% dilution. If you think DEJ will be $2-3 in 2014 or any price you would like to guess, after a 10% dilution or 10% discount you still get the $2-3 range. Actually, 10% is just equal to a trading spread in a big day. We always see stock price up or down more than 10% in one day. So the dilution rumor is a psychological issue, not significant. The psychological issue is traders’ problem, the serious longs have no psychological problem.