Tulip the main difference between the past and now is the huge number if shares on issue.
When we saw the big pump and dump 3 years ago to 6.8c,the company has 230 million shares on issue , same cash balance as now and were talking big tonnage...Now now sadly they have 1.3 BILLION shares on issue and as happycat happily points out they have only a couple million tonnes.
Huge difference from then to now tulip.
This is why I am so so annoyed by this latest 40 percent dilution rights issue.unecessary imo.
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400m more shares will not stop the speeding ticket!!, page-86
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