I've been thinking about what some have said regarding a raising. There are a few things to consider - will there be announcements before the raising is put together that will push PRE higher? -Selling now and trying to buy back in at .8/.9c eg could see many miss out and have to pay a lot higher than what they sold at, or atleast the same which means more brokerage. Selling at the wrong time or buying back in higher resulting in possibly a lot less shares than one desired could be pretty costly. There a many factors that could affect ones entitlements if a raising/consolidation is announced later in the year. None of this is a ramp or intended to pursuade one to hold, but its just a few ideas of my own only. All of us want to hold more at a lower price but it could be quite risky to IMHO. I'd hate for anyone to sell and bid lower then days later something boosts the price. Its a tricky situation atm as know one can put a price on any raising as a lot can happen in a couple months. It could be at .9c or 1.5c. I'm happy sitting tight and wont risk what i have for a couple of points. Happy to wait for a possible raising and put more money in. Goodluck to those who can manage to sell and buy more/same lower. I'm expecting news on new drilling($300,000 approx for the Mar qtr) and upgrades before a raising by the way.
All just my opinions so dont take it as advice on what anyone should do.
Cheers
Add to My Watchlist
What is My Watchlist?