ERX 0.00% 12.0¢ exore resources ltd

Unfortunately Mutley8 shares are like options. They will lose...

  1. 12,782 Posts.
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    Unfortunately Mutley8 shares are like options. They will lose value over time if you don't keep buying to offset dilution (currently not a problem) or buying power (inflation).

    The Company is being starved of funds because pushing the price way below cash value means the options will expire. With an extra $5mil (option exercise) they could have drills ringing in Sweden and Portugal.

    There are sometimes better opportunities out there, over a months timeframe. However your BoD sometimes reacts and stems the freefalling share price with actions and not words.
 
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