"There has been nothing substantial happening in this company"
I'm sorry but organising a 70m dollar debt facility and trying to get a FML is substantial.
Dilution: well if you don't accept dilution then you probably should look at stocks that make a profit instead of speccies
The funds go down because they pay themselves, perhaps they get paid too much, that is debatable,but for what I can see, no money has gone missing, if that is what you are suggesting?
There is a bigger picture in play rather than just one or two months of SP action. In all honesty, I couldn't give a toss about that SP (within reason) at the, moment as I am not looking to sell.
I watched YMYC last night, and one of the callers rang up and asked, where Arrium would be in the next month. And the analysts response was. (Paraphrasing) there is no point talking about the fundamentals when the caller wants to know where this will go in a month, that timeframe is way to short and it is much more like gambling rather than investing, now if you want to gamble go to the casino.
Short term, no one can predict what the market will do, but it is more than likely it will act irrationally, that is where the opportunities are presented
Anyway hope you get you $ back, never like anyone losing money, I just think you are angry at the wrong people, short term the market is irrational.
GL
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