Originally posted by stayer
all good, and they have been vindicated- only thing I would say is it is a great pity the issue in the UK was not done at a higher price level -we were told at the AGM/EGM that it would be at a good premium to the 90c in oz dollars -correct me if I am wrong , but it was a very small premium -And it was a lot of capital issued, so the dilution is worse.
Anyway, very happy how it is looking , just nitpicking I guess. Anyone tempted to sell a few soon -getting up there a bit arent they?! I dont know if I would , assuming I could (havent organised to get set up for it)!
Yes the dilution is worse, but we are sitting up 70% on the 90c raise.. so hard to complain really....
sure it might cap some of the longer term upside, but it also removed any downside for holders.. we went from NET ASSETS PER SHARE of 45c to 70c based on the money they raised at 90c
into the bottom draw for me, will give time to management to see just well they can scale they business and hopefully create much more shareholder wealth over the coming years. Selling winners too soon is why most traders and investors never really hit the huge home runs...