Dull
You wrote:
'we have no choice but to show confidence in the management and their performance.'
And thats where you and a lot of frustrated holders on here differ.
Your statement above albeit remains the same. However, with a contradictory view by some. Some holders confidence in management is dented and the issue of options that are only $0.025 out of the money with three years to excercise can be perceived and i guess has been by some holders as a management 'rort' on shareholders. Confidence in their performance may also be to the negative. A 64% decline in share price from highs.
With regard to performance i note that management issued an announcement upon banking of rights moneys that $15 mill in exploration spending was approved and was to be undertaken for financial year 2008. They spent $9.5 mill. 37% less. That may be perceived as good. But it also may be perceived as bad contributing to a go slow in project and mine development.
Cash in the bank is all good, yes. However, consider that of $42.5 mill raised at $0.50 (i feel for those minorities whom participated at $0.50) $20.7 mill of that come from PDN at a lot of dilution to other shareholders. Also PDN would have contributed a large amount of the previous balance (circa $20 m) also at dilution.
cheers
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94.0¢ |
Change
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Mkt cap ! $911.2M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
3 | 72203 | 93.5¢ |
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Price($) | Vol. | No. |
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6 | 51528 | 0.925 |
9 | 45600 | 0.920 |
1 | 5300 | 0.915 |
4 | 136690 | 0.910 |
Price($) | Vol. | No. |
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0.950 | 71858 | 2 |
0.955 | 20000 | 1 |
0.975 | 20000 | 1 |
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0.995 | 67855 | 1 |
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