Just to make it very clear, and I'm not sure who in particular your comments refer to, i Hold shares, and i Hold options.
I thought long and hard about posting, but ultimately decided that this matter was too significant not to make comment. Normally I would have let it go, but the very thought that the share price not only takes a hit for the first tranche of $7.5 million ie dilution of another 50 million shares plus 16.67 million options, but then in about 6 weeks time we get another likely dilution of another 30 million shares plus 10 million shares. Once allotted these shares will likely come out during the course of drilling. This second tranche effectively becomes a cheap Call option for Sophisticated Investors, in they can elect to take it up or run for the hills!
There are times when you need to call a spade a spade. This is one of them IMO.
IVZ Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
