Before even reading your post the thought crossed my mind that this maneuver is part of the plan to make it more difficult to take over the company. For example, if total shares determine ownership these new shares could be sold to the "right" owner to swing the vote.
As you can probably tell this is coming from an amateur perspective ;O)
With the continuing positive drill results I'm left wondering how many oz's are in the books. I'm also wondering when exploration drilling starts up again in the surrounding targeted areas. Time for an update.