It was suggested to me that I was overdoing things and should remind people that a capital raising was going to happen and it could trade sideways or down for some time.
It was dripping sarcasm, posted as a downramp...doh and although traders may play it that way after registering a profit (ie usual behaviour), it aint necessarily so. eg
" So what if Phase 1 of development will see north of $50M EBIT and a 2 year capital payback "
"Yes, I know it is the lowest cost, highest quality undeveloped lithium deposit in the world "
"It’s not like ORE might start talking to multiple industry players all keen to play apart in development funding and off-take in tandem with the BFS." (hint hint)
"$3M capital raise is maybe 5M new shares, that sort of dilution will be churning around for some time because it’s not likely to go to large players as a seed stake instead of traders?" (5M shares is stuff all, may go to a cornerstone investor instead of traders and would hardly add much to availbale stock for new players)
"At this lofty price who is going to wait a year or so for confirmation the mine will get built and the price will head to $5." (of course 48c isn't lofty and if it was going to $5, which it should, people wont wait at 48c until it is written in an announcement to re-rate it"
"and just in case someone wants to buy up a few million dollars worth in the mean time." (That again is an insignificant amount for any serious player and would have to raise the price if bought on market).
Traders who time things well can make a lot more money than buy and hold sometimes. Sometimes they miss out on the big swings. Whether or not I take a profit like many here no doubt have that doesn't mean the price is ripe for a cap raising.
Geez I just had a thought. I hope RS didn't read my post yesterday and quickly bang out a cap raising before the avalanche of selling hit....lol
Add to My Watchlist
What is My Watchlist?