a lot of pi.ssed off patersons clients who got that wonderful deal at 77c.
let me sum it up. stock was in a solid up trend from 14.06.06 when it hit a low of 48.5c and hit 95c late oct 06.
in fact it was 92c on the 23rd oct whe the good news was announced. Another capital raising that didnt involve current share holders.
what has happened since that day?
well the share price has gone down. has gold gone down? NO. the 60c now is well below the 77c of the capital raising and i would imagine that Patersons hide every time their IBR clientc come in the office or ring.
they are selling at any price to get out before they have nothing left.
should have got out with the guys who realized it was a bad deal on the 24th oct. would have been in profit and could have done something useful with the money.
andrewe (having a sulk)
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IBR
iberian resources limited
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