The action in the stock makes me believe that dilution is coming. How else can they pay for the other 50% when BH revs won't start until year end at the earliest? Also, where is any news regarding Nevada?
yes there will likely be some dilution in the future but the question is whether the company gains from the sale of stock or not. IMHO buying out the remaining portion of BH at the price being discussed is a good deal for shareholders even with some dilution. The whole point is to use a base of equity to make investments that make money, after all, and this looks like a very good investment. TLR has stated several times that they will be issuing a revised mineral estimate on the Nevada holdings very soon. I'd guess we'll see a considerable jump in reserves by the end of this month.