They all dilute but it's the extent to which IAG have diluted over the past couple of years. I am not opposed to dilution in principal but the number of outstanding shares is constantly preventing them from producing a positive EPS number. They just announced what.... 0.02/S..... Also, they could have paid off $150M in debt when they sold Niobec a couple of years ago. Instead, they paid interest on that debt, did nothing with the cash and now they dilute. It appears to have become Letwin's answer to all his problems..... Just dilute. I wouldn't pay more than $4.20 for this stock today.
The miners are "voting machines" at the moment. I would be concerned about when they become " counting machines if I were buying at current prices. Hopefully, for those still holding, the POG will catch up to the PPS. I have been buying large amounts of GLD and will continue to trade that until I feel there are some bargains among the miners again.