re sell tip, page-25

I was a holder, but traded out on the back of the Macquarie Research. The report makes a lot of sense and in hindsight was accurate.

You tell me what you're sick and tired of so I'll tell you what frustrates me - ignorant people ranting on topics that they have very limited knowledge of. What everyone wants is the share price to go up, but there are many things that influence a companys share direction.

A big part of Macquarie's valuation suggesting a $8.50 price target and $7.23 NAV is the effect of dilution. If the company makes a big discovery they will need to raise capital to fund the huge infrastructure required, most likely via a huge share placement.