Good point about metallurgy and radioactivity...........I am keen to see if it was mainly Euroz Hartley clients selling today. Given they were given 106 odd million shares at 33 cents I suspect it might of been a portion of them selling the news ( on todays volume would only need roughly 10 % of those buyers to sell to explain the trading today). If that proves up to be the case someone needs to have a frank chat with Asimwe and say hey I think next time around you are cap raising, these guys aren't adding much real value here if a good portion of their clients are just taking a quick profit and then flocking off with no real commitment to the stock. I dont know this but just speculating and very interested to see who was selling today.......
Ironically the price is still significantly lower than when the recent cap raise was first announced. From memory we were at 41.5 cents at time cap raise was announced, throwing this ridiculously back to 33 cents ( to cheap) on the raise price . In run-up to MRE price rises back to 42.50 to now be smashed back to 36 cents. So 2 events that should have moved the price up materially, ie funding next stage of development and announcing a very large MRE, have actually in net terms still knocked us down around 12 % yet the news here is all positive.So long term supporters of this stock like myself get a kick in the face while some soph investor at Euroz gets a free kick. One is left with conclusion got to be a better way to manage these cap raises going forward so they add value for all shareholders not a select few.
LIN Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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