I too got some “cheap shares” at the raising price.
And I would whole heartedly agree that if I was a new investor - all good. But I am not. And the new investors of today are the long termers of tomorrow - well at least some of them. And tomorrow does not take long to come around.
i got some additional “cheap” shares because I could average down and try to keep my small share of the company from falling even further.
Other alternatives include giving up and selling out or do nothing and get diluted……hmmm decisions decisions.
My point is that we can keep on reducing risk forever and keep on expanding our resource base and filling our plant. They would all be “good” decisions that make sense.
My question is which group of new investors will hit pay dirt - in one year or two or three…. More?
But if you just bought in then there could well be another raising to dilute you also. Or another two raisings or another three? just saying.
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