ouch - placement dilutes share price, page-15

acturtle - placement dilutes share price acturtle,

You are more than a bit cheeky...I still hold that this is $ stock...to suggest that I thought it would get there in the present time frame is not only absurd but a woeful misinterretation of all that I said.

I said that it would be a $1 stock in 2 years and that it will...in the meantime there will be peaks and troughs. As it stands, my analysis suggests that it is current worth approx 15% of OXR and hence my support for it when it was 9c was accurate and rational - you call it ramping but no one who bought it from 9c would agree with you.

With respect to recent announcements, they may have surprised you and some others but I already anticipated much of this information and had these results factored into my thinking.

My concern with the current price is that: -

1. it puts PNA at more than 20% value to OXR when the identified resource and grades don't come anywhere near the mighty OX...if PNA is worth $1 then OXR is worth at least $2...possibly $3 if they have 10Moz which they think they have!

2. there is substantial equity raising that will cause further dilution as happened today. The effect of today's announcement only proves my point, that there will always be right times to buy and right times to sell...people yesterday said I was mad to suggest that 22, 23 or 24c wouldn't hold and look where it ended today!

We have never been able to hold an intelligent conversation and I don't expect we ever will...so goodnight and goodbye!