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Timberline Resources Corporation Message Board

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  • tryingtogetthefacts tryingtogetthefacts May 8, 2012 11:00 PM Flag

    dilution!

    Reading between the lines and I don't like the implication:
    'Mr. Guill said, "In converting a significant portion of Highland Mining's stake into a royalty interest and share position, I wish to express my continued confidence in the Butte Highlands project and in Timberline management. However, the unexpected costs and protracted timeline related to the expected volume of water discharge led me, as well as the Company, to conclude that a consolidation of the project into Timberline is in the best interest of shareholders.'

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    • How is adding more stock to the float in the best interest of the shareholders.

      So now new investors will be able to come right and get shares for a 75% discount of what everyone else paid.

      Basically Ron is doubling down.

      Since his average price is .95 cents!

      Every bad mistake you could possbly make to destroy a company management has done. What a nightmare.

      To make matters worse the metals are getting hammered now.

      I might look to buy some at .20cents. I dont know though management are idiots.

 
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