SMM 25.0% 0.3¢ somerset minerals limited

the winner, page-22

  1. 5,233 Posts.
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    Its a lot harder to go broke when you are mining and producing than when you are not.
    IBR was chewing up cash and doing regular diluting thru cap raising. The market cap of IBR doubled while i held and never made me a cent.
    If the directors of IBR were so confident they had a winner and were going to make a fortune why sell out at a cheap price? Answer: they are not confident they could bring it into production. or they have lost interest in the project.
    Better to get the IBR project into the hands of someone who wont keep diluting us.

    The future will be interesting.

    cheers
 
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