You are the only one repeatedly mentioning a raising Six which is something that posters often do when they are hoping for a buying opportunity....are you hoping for a pullback to buy more perhaps ..? Ha ha!
I wouldn't blame you, we are all only human and blind Freddy can see this is going higher in the short/medium term. It is a highly desirable stock as shown by Fridays buying frenzy.
A raise now would be silly for several reasons IMO. Firstly we don't need the money for a few months at least.
Secondly we are on a strong roll in growth of our share price, let it roll I say.
Next we have some very good results likely from a string of good highly prospective holes to come...why would you raise now where you don't need the money when you can raise higher later?
I am open to all thoughts and don't mind, indeed encourage critical thinking. But for shareholder equity growth and retaining value and avoiding unnecessary dilution I think aiming for (hoping for) at least the next raise to be in the high 30s -low 40s is quite reasonable.
Considering the strong and growing interest in this stock and the increasing resource base we are generating.
I think the market is waking up to the potential of TSO. Although DEG is an unrelated stock it is showing what new monster gold deposits can be worth and where the market caps of those companies can go.
Even two weeks ago I would have though we would need to spend a good while consolidating in the 20s before moving higher.
Now with the solid, phenomenal growth of the likes of DEG and us having visible gold results pending and our very conservative MD saying these next holes will be game changers I actually think this is likely to go a lot higher a lot sooner than I expected.
We shall see, it is the spec sector. Do you own independent research and ask someone qualified to help you if you can and you are a newbie.
This is the internet and lots of us have vested interests, happily including me..
TSO Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
