I understand the frustration about dilution, but I feel like the upside potential is more valuable in the long run.
Its easy to forget that this is an exploration company, not a miner, which makes this company very speculative. And therefore needs to offer discounts to investors in order to attract capital. Given this is not an income producing asset, it's not like they can borrow money.
The reality is, more raises will be required, but surely those invested know that? Again is an explorer and the funding needs to come from somewhere.
And before we get into the whole - but they got a deal, they made a profit - read a few posts up - the opportunity to buy in at the raise price was there and you could have made profit since, "instant cash" comes with interest and in our case, that interest is issuing shares.
LNR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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