I only view 'dilution' happening when placements and share purchase plans are at a discounted price. The current placement was at the current market price and the market capitalisation increase proportionally. It surely represents a demonstration of confidence in the company's future on Colin's unique management and the potential their discoveries. I have dabbled in junior miners for 50 years or so with some wins and quite a few losses. The wins can be few and far between but may be well worth it (and exciting). Many respected analysts suggest that companies in the junior mining/explorers space are going through a difficult value cycle despite record gold and other metal prices in good positions which is probably related to high interest rates and good returns in lower risk sectors. Of course the historic golden rule in the junior mining space is to only invest what you can afford to lose!
MEU Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
