I agree that it can't be had both ways. So that is why I asked why so many were claiming this 1 billion + valuation even before Tanbreez. Now adding tanbreez to the stable, the valuation has been pegged even further below 50% of the 1 billion valuation.
Drip feeding in shares into the markets was just one option of two that I suggested. I'm aware of possible ramifications and considered that.
This was a desperate attempt to peg the share price because what Management sold us on couldn't be sustained. Management themselves don't trust the share price to be maintained when all the shares are free to roam at the end of the month. So what does that say about their real faith in Tanbreez?
This is pre-float all over again. The valuations that were being touted then made no sense to big end investors and there was no PIPE to be found. Remember how the float was delayed and delayed and delayed because noone with big funding was interested? So now with Tanbreez in the stable, management have to drop the value even further to get just 22 million.
Right... And I don't understand the market, apparently
(20min delay)