Hi @AjjaxI would probably be feeling slightly similar had I...

Hi @Ajjax

I would probably be feeling slightly similar had I bought in earlier this year... However another poster talked about not seeing the forest for the trees and I think it’s probably an apt analogy here.

In the last couple of months JRV have put away A$313m of equity raises and a US$100m (A$137m) bond issue. Such ambitious activity would certainly be beyond almost any other small cap miner – those two figures combined almost equal JRV’s pre-raise market cap of A$457 (when SP was $0.57). It’s hugely impressive IMO and has been backed by some very significant institutions, i.e. Australian Super, Freeport McMoRan, Lundin Mining, Mercuria, which lends the deal – and Jervois’ ambition – some serious credibility. Yes the SP may trend down a bit further in the interim, but will the new entrants to the register be selling out now? I think not. They see the mid-long term. There’s lots to move the SP in the coming quarters.

Indeed, there’s no dodging the fact that LTH’s have been heavily diluted and as a new investor waiting to enter, I was keen to see how they were treated by management. The fact there was a 1 for 1.56 offer (not capped at $30,000) to me was a strong sign that management were walking the talk about looking after existing shareholders.

Just my two cents, but admittedly from a recent entrant.

Cheers,
mondy