Most mining companies have stages/sub-stages of development:No...

Most mining companies have stages/sub-stages of development:

No resource - potential
- land acquisition
- exploration
- discovery

Confirmed resource
- JORC

Confirmation of projects economics
- pre feas
- bankable feas
- finance

Production
- Mine development
- Production

The SP appreciation as the company transitions between these stages IS NOT LINEAR. Don't insult peoples intelligence by suggesting that it is! The earlier stages of company development reflect a higher risk - therefore the reward is greater.

If investors wanted steady appreciation, they'd be investing in companies with confirmed projects (JORC's or companies with BFS's). e.g. Coal of Africa.

CDS hasn't confirmed project economics nor does it legally own any tenements outside of Uranium (which seems to have dropped off the co's agenda).

Therefore, investors of CDS have assumed more risk in investing in the co at this early stage so they could participate in the re-rating of the company to a holder of an economic resource.

Hence, capping the re-rating of the co in order to fill your boots with more and "sophisticated investors" with more shouldn't leave current holders with a warm fuzzy feeling.

My 2c