Zmans, I have been holding since 3 months ago(my biggest parcel at 11 cents). I also have 2 small parcels at 14 cents and 19 cents. I could sell tomorrow for a satisfactory profit.
After today's "massive" announcement, price went up 1 cent, yep 1 massive cent !
Why?
As I asked in my last post, I challenge anybody to answer the following question -
Why 70% loan finance with 30% equity finance ?
Why not 100% loan finance with 0% equity finance ?
(hence eliminating the need for massive share dilutions down the track).
Is this not a valid question that needs to be asked?
announcement out , page-84
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