raising, thoughts & jon, page-3

Galba, how did you go hearing back from Jon. The more I think about it, the more I want to bang my head against a brick wall. It was no secret they were going to do a raising, however, I didn't sell at the time as I just couldn't imagine they would get it so darn wrong.
- 6% is too high. Why pay them more for this result!
- stock had been trading at 18 c for quite a while, yet they raise at 13c - almost 30% discount.
- the stockbrokers who are doing it have never shown a hell of a lot of love for pxg. Will they stick around? Someone dumped into prior to TH - someone blabbed!
- the big guys will probably drive it below so 13c so retail punters don't take up their entitlement and then open their hands for more cheap shares.
- screws option holders and people who tipped in money last time.

The reason why a lot of gold stocks can't get a move along is because most of them are ran by people that just don't understand the market. Jon has got the runs on the board operationally wise but i am getting concerned on his market knowledge - which you ignore at your own peril. This raising has been on the cards for ages, yet it seems they tried to pick the market by getting a spike after their dfs. all i can say is what a fail. This isn't the first time he has failed to address the market. I acknowledge the big picture of raising the cash and becoming a producer but will shareholder value be unlocked by dumb decisions like this? Not happy