Ann: Pacifico Minerals to raise up to $4.12 million, page-30

Wasnt going to post as some things are best left unsaid.. but your post is pretty much summing up what i am sure many are thinking. ie: why buy at .006 when you can buy at .005 (or lower -- looking likely at the moment as there is seemingly no bottom to the PMY downside and sentiment on the ASX is dropping by the day!)

Market might of liked us today if we were a goldy.. but market does know what PMY is.. what are we? Evidence shows unless you are a major.. specialised mining operations are what investors like (a great metaphor is selling a bulk lot auction vs one item at a time.. sometimes 1 item can sell for more than that one item plus a whole heap of other items.. why and how? because the goodness gets lost in the noise of all the other items (tenements!)

Back to PMY capital raising.. it must be getting really hairy at the moment as it always is when the SP drops below the offering.. sure options are there also.. but ive never actually seen these junior stocks go above the strike point in my 3 years investing its 0/18 or so - so no real faith there.

I think the underwriters are the most likely to step in and pump this thing, if it were to fail they would be most effected other than shareholders (especially those holding from 1.4c!)

Getting destroyed on paper is nothing new for PMY.. just wondering if we picked the lucky lotto numbers this time or if its more ripped up tickets into the trash!

I'm saving for the capital raising but happy to spend elsewhere if i don't see the signs I'm looking for to plough even more of my hard earned into this stock. IE: if we drop to .004 there is no point in losing an additional 40% off the bat... although looking at my folio you'd swear the goal was to lose as much equity as possible.