CEL 0.00% 5.4¢ challenger gold limited

it all takes time, page-9

  1. 3,657 Posts.
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    Hi,

    The bigger shareholders may have been buying at the same price as us but don't forget

    They got 10 free options per $1 of investment.

    My view is that they have been selling options and then buying shares at 16 to 17 cents which will equate to again 8 or 9 cents effectively (after the options money).

    I have a long term buy and can wait but my issue is that

    - Management may turn this goldmine into a silvermine by issuing double the number of shares required (to raise $10 million at 10c requires 100 Million shares compared to issuing 33 million shares at 33 cents - a price which could have been easily achievable if more information was forthcoming).

    You call me impatient or whatever, I am not gonna sell now but I also won't be intimidated by management tactics
 
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