lordoleanMate, i think you maybe new to this thread.You are...

lordolean
Mate, i think you maybe new to this thread.
You are looking at things from the wrong angle. SRM is not giving anything away. Im sort of getting sick of saying it (no offence). The philippines is a hard place to do business. These guys and the money solves a lot of the problems. SRM needed a large placement and it would have been just as dilutive and at a much lower price. You cannot do business in the Philippines without partners and SRM happened to attract the best open cut mining company in the country. You cant own 100% of this anyway. RTG is the best dilution we could hope for. Some form of dilution was inevitable as money was needed regardless. Any placement would have been splattered over smaller holders looking for the exit at every turn.We get the added bonus of management, gold funds, super tight register and the duel listing. The stock price is telling everyone that this has been a very smart and share holder friendly deal. Where do you think the share price would be without Galeo and RTG? 15c and needing money if you ask me. I understand we would all like to live in an ideal world where we owned 100% of the asset with $30m in the bank, but the markets simply would not allow this to happen. The company has done an excellent deal IMO and its already paying dividends.plenty of buyers around looking for stock on my screens. The stock has tightened right up now, just imagine how tight this will be with around 110m shares on issue and most of that tied up? where will the share price go when the sell side looks like a desert and the drilling results keep coming with no need for more dilution? please dyor