I have said this probably 100 times now. Go back and read my original posts on ROS. I was interested in the Copper project and conducted some research. ROS then mentioned the Silver project which cooled my enthusiasm. I conducted further research and decided against investing in the company. I mentioned that my concerns were due to the funding and potential dilution.
At the time I was bashed over the head by numerous posters, even though I provided my thoughts, analysis and even a break down on how diutionary any CR could be. This was more than the research provided by some who merely stated "ROS was going to $x value" with no figures or analysis provided.
I have continued to follow ROS because it is an interesting story. If you read my posts I have also mentioned on a number of occasions that if the Copper and Silver project were large enough then the affect of any CR would be more than offset by the increase in company value (i.e. positive for the share price). All I said was that I remain cautious if project expectations are not met.
So please do not acuse me of having alterior motives because that is not the case. I have also stated that I hope I am wrong and it works out for share holders.
Finally, I do agree with you (as per my earlier post to Gibba) that the global markets and economic situation has not been ideal for any company.
I also agree that management will try and rescue some value for shareholders. Maybe they will focus on the Aust assets now, which may be somewhat of a silver lining (seeing as a large number of shareholders who purchased in the float are probably keen on seeing these progress).
ROS Price at posting:
35.0¢ Sentiment: Sell Disclosure: Not Held
