Well we sort of didn't have much choice but to participate in this capital raising otherwise we were getting diluted to high hell... I finally pressed the button to take up my share. Truth be told, I may have left it until too late and the probably won't get the money in time, but then again this one won't be fully subscribed either so i wouldn't be surprised to see management accepting whatever comes their way. As you can see, I'm being rather pessimistic with the fear of having lost even more hard earned cash. Disposable yet still hard earned... Hopefully they might be able to pull their fingers (or hands/heads) out and start generating some actual value for shareholders in the near future with a new drilling program in place and cash in the kitty.
Time will tell but hopefully we're not waiting for too long.
PYM Price at posting:
1.1¢ Sentiment: None Disclosure: Held
