As I said CR should have been done after the DFS announcement....

As I said CR should have been done after the DFS announcement. It’s a big pressure on the stock with so much dilution . They have 6 million in the bank at around december 2017 . 3 months later its all gone. 15 million will probably last them 9 months. and another CR again....looking at more than 3billion shares before they start producing . In between that, anything can happen , like the ridiculously Morgan Stanley report etc.

From Jan to June , the SP has been dropping and with the new dilution the targeted SP will be greatly reduced, probably around 11 to 12 ct’s
base on 200 over million market cap. Well, was greedy , should have sold off at around that SP, and i was still buying. It’s another 2 months ahead, many things can happen....quite disappointed with my own optimism on this stock , should have known better.

Coming to my senses, the coming DFS has more or less factored into the SP. Unless there is a big increase in the discovery, good report on Tansim , and the other australian tenements , or a big investment by the chinese , don’t see the SP going beyond 12cts.

Cheers to all holders ....all the best .