Vayama
Re; ..."this company flagged its problems and high production costs for many months...plus it diluted shares heavily taking over IBR..."....
IMHO your assertion is wildy astray & highly misleading.
After considerable research I started buying into TMR in November 2007 on the back of company ann. that included statements of no need for extra capital raisings & cash flow would fund projects with exciting prospects, etc.
Following the takeover of Iberian it was not apparent to any investor I know that Latitude was about to dump its holdings overnight, smashing TMR's SP. Mgt explained this away as short term, I bought in more heavily & persevered along with most TMR investors. Then the 11.5c capital raising & subesquent placement to sophisticated investors with options.
Therafter HC posters began flagging TMR's problems: production costs, share dilution etc. - I never picked these up from any company ann. & in fact gained contrary re-assurance from HC on boardroom radio.
I hope TMR's prospects soon improve & I still reserve judgement on it. However, I exited the stock due to ongoing violation of my stop loss & my personal loss of confidence in TMR's public announcements.
4YIO - NFA
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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16 | 47000203 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 26318 | 1 |
0.004 | 4688748 | 11 |
0.005 | 6819508 | 9 |
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