SS, sorry for long reply. I Respect your balanced discussion and not just crazy emotional spill.
Some of us large holders here actually work in and around related industries as you know.
Geologists, miners. Ex Directors of private companies related to pls..
Investment bankers. Accountants. Financial analysts.... Etc
So when you say we just have to accept, because we are in deep... you are partly mistaken.... we know how it works.. We know what is required.. It is not as easy as you think snap your fingers and "here shareholders have some more".
We will raise a concern when we see there is one. You can be sure there had been concerns raised relating the issue for future " placements", including this one here.
"Cherry pick and not to just throw it into the air".
We have had this debate previously on CR's and vs having rights issues before. Hopefully some of the others and in particular @tryingtomakeit have converted on their thinking on the subject matter .
Granted the NY one was to some sharks...
Sometimes that is what you get when you are small and need funds. On that, I believe it was actually part of the 'first trench" not "last one" right?... and guess what happens when their notes come due shortly??
Having so many retail investors... Our resident investment banker can tell you... They fall like dominoes at the first sign of weakness and fear. The volatility due to strong fundamentals and large retail numbers would have made your head spin and "IF" the going gets tough and the weather turns on us you will be smashed into the rocks without no one strong enough to keep the boat floating. The Pirate would find it hard to go down with the ship in that situation.... This is from experience..
I do not mind the dilution. We will get our turn in good time *fingers crossed*. $100 million will require another "placement" + "term note"? with debt funding attached. A Rights issue will go nicely at that time as well to activate the options. hopefully enough will be raised to smash it out of the park for 3mt a year production and outlook to investment into carb and or hydro route
And date I say it? I do!.. AJM our Neighbour action?... Don't think because I ignore you over there it is because I don't see it.. It has to happen one way or another. But in the meantime not safe, i'm not cashed up enough to play, and am loyal to this here company... A Pilot holding and Sit and watch is my play on the matter.
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And ozblue did not get rediculed predominantly for getting it "right". Hell I have mentioned it before at those 36.5 crosses ... I even mentioned that if it doesn't happen by December it aint happening till February.. Perhaps I was saying it too much in a joking manner for people to care.?.
He was rediculed for make outrageous assumptions like insinuating "incompetence" when he really didn't know himself... Making out like his opinions were facts. Did not cite any references to back up some crazy claims.
That is why he is rediculous....
Sure some will attack you if you are negative and have a go at you, but if you lay your opinions out logically, unemotionally and accept your mistakes when they are shown to you. I'd back you up....
Written from a mobile so probably a little all over the place... And have not had the chance to go over others potential responses... So perhaps also partly redundant....
Apologies
PLS Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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