The vote down was an excellent move, meaning no dilution by CR issuance.
Ruffer & RIM will have to buy on market.
And today and yesterday we saw the 8.4c-8.9c ramp on very low volume.
TRY can be moved 10% with 700k share purchases, what will 4M do to the SP?
On current market depth, back to 10.5c easily.
I thin the sell down was based on some fearful small holders fearing the AU price drop below AISC of 1240 not the CR vote down. yet we know that smarts 3 willd rop the AISC to $900-$1000 on current guidance of production of 17,000 ozpQ
The vote down was an excellent move, meaning no dilution by CR...
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