GiddyYup
You are unbelievably nieve.
Lets sort out some facts. The function of any company is to be successful, FACT
When companies are successful the share price raises in accordance with the success, FACT.
Companies with high share prices have little difficulty in raising funds, very often internally, FACT.
There is a definate relationship with success and the ease of raising funds for expansion.
The JORC was managed appallingly to the extent that shareholders like Max lost a large part of their wealth, with others marriages, probably ended and I would not be surprised if some terminated their lives. Do you remember the posting on here where someone on here pulled up their car near a park and said they had to go home and tell their spouse they had lost everything.
Your pontificating shows a serious lack of basic understanding of the basic unit of the capitalist system. It is not about gambling it is about wealth creating.
You do not create wealth by ignoring the marketplace, running around at GFC garage sales and taking your mind off the ball. I am not the first to make comment about this situation. To quote yourself, "I for one am glad I didn't believe all the crap and dump mine for $1.40 last year." You must understand a lot of those sales were forced sales triggered by short selling levers.
Those levers were triggered by the company taking their eye off the ball and not understanding what was required to supply the consultant to give a quantative analisys of what is in the ground. To this day the shareholders of CDU do not know what is there.
If two companies want to raise 200 million and company A's share price is 20 cents and company B's share price is 10 dollars guess which one will find it easier to raise the money. Please try to understand a bit of basic logic.
Add to My Watchlist
What is My Watchlist?