Watch out for share dilution

Bought Carpathian Gold too high today.  This blog post warned about CPN and I think he has a good point.  So I looked up the shares outstanding of three stocks over the last few years

 

Looking at the last line in each of these graphics, you can see that FED has the least dilution and CPN has the most.  SGC is somewhere in between.  So, CPN is already quite a sizable market cap and that blogger's argument is pretty good.  However, I do agree with one of the commenters that CPN has a huge prospect in Romania and Barrick today invested in CPN to the tune of $20 million in a private placement.