The timing of the CR is wrong. Why did the Board not raise Shareholder interest by first announcing the discovery of a diamondiferous kimberlite through preliminary sampling of the select 7 sites, or announce an increase in the % holding for primary source mining. I would have been very comfortable watching and waiting while the preliminary results rolled out.
I fear the SP will linger around 11 cents or lower for some time, until such time as something REAL is announced.
I will participate in the share offer, however I feel miffed shareholders are being asked to dip into their pockets without evidence of positive results. I understand there is no certainty of the jackpot when it comes to diamond exploration, but the Board could have at least undertaken some homework before asking for a CR. Had they provided REAL results, the SP could well have gone through the roof AND Long term Shareholders could have benefited from a lower CR buy-in. It will now be a bun fight for the cheapest shares.
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1 | 50000 | 0.057 |
1 | 110000 | 0.055 |
1 | 56620 | 0.053 |
2 | 20000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 37599 | 1 |
0.067 | 5450 | 1 |
0.069 | 42000 | 1 |
0.070 | 72518 | 1 |
0.073 | 10000 | 1 |
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