they should dig up the gold and use that money to pay for it...whatever it is. Well, it;s not as simple as that. We have forgotten that not so long ago it was nigh impossible to raise cash for mining companies....it nearly sent OZL to the wall...with all their precious assets. Others just could not get any on reasonable terms and struggled near extinction....having to clean out ship to find cash wherever theu could.Up until now we were praising the managers for the masterful strokes like buying the Lihir assets for a song and good announcement after good announcement.
Let's assume this raising is used to unearth a massive gold deposits and the shares race to great heights...what then?
I have watched shareholders tearing each other apart on threads like AAM, CTO, CRK,MUN and possibly many others. I happen to believe that we can attract bad things by the things we say. If you are negative...then sell out and leave the faithful in peace. I sold 600,000 shares a few weeks ago
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- did they really need the money?
they should dig up the gold and use that money to pay for...
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