Sorry,
how is shareholder dilution a good thing?
They will be issuing another 200 million shares…….
Their disclosure to the market was that they would pay off the mine construction costs within 1 year on the basis of their deal with Taurus (half yearly report March 17).
We will all lose long term with this arrangement ( think of the diluted dividends all you LTHs)
The more I think about this, the more I believe that the board of management has not complied with their duties.
I am out, if I can find a good exit price.
I do not rule out any future legal action.
IMO the BOD have behaved in a manner which acts against shareholders long term interests.
All my own opinion, and as always do your own research blah blah blah…..
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