No I don't think it's silly, just a sense of great disappointment I suspect, which I might say is widespread across the entire Australian resource space. It is hard to come to terms with what is essentially a devaluation of commodities from heady heights, steam went out of everyone, all part of the cycle.
But lets say you were able to only look at today and what is in front of you (not possible for most I know) would you see a fully funded new profitable (on numbers) copper mine on the way with it's SP sitting at .08 on the market. You can look at the expert predictions and base that on shares issued and they seem to have provided the market with about the 11c in 12 months all going well, they are available for all to read.
But that sort of price is not what existing holders want and on top of that they don't want anyone being rewarded for losses they have taken, that is about it, regardless of anything that has occurred in the macro they don't want to wear any part of it. I get that and expected this thread to at least keep it all in one neat place, its done that. It's anger largely that it did not go as it should for "me".
I don't have to join in, I have been on one's that did not get funds, it hurts a great deal. Anyway I spent above my average this week by buying on market at .079 and if someone gets me a 25% increase I will not be angry. I also like the AVB story in a wider sense, things will change but now is not the time to put positive stuff out here is it, just going to get beaten up.
As always dyor
Add to My Watchlist
What is My Watchlist?