Agree to disagree. Wasn't heavy dilution given we got an extra 50% of Irvine.
As for going past $1. Who can foretell the future? I personally think we should be there now but we ain't, so I see value and that's why im in the stock. Passing $1 could take a little time but it depends on drilling results and market sentiment.
I agree the cap raising didn't help SP. Tony was confident a deal would be done with a cornerstone investor to raise funds but it could not be achieved by deadline and SP got hit pretty hard. Hindsight is a wonderful thing.
Bottom line: we have cash and a commodity in demand in a good location. Would love to see SP reflect this sometime soon...
PLV Price at posting:
51.0¢ Sentiment: LT Buy Disclosure: Held
