True mate. As for us here though, the aspect that I would say angers many shareholders, is that there have been no attempts by Ed and co to update shareholders for almost 8 months, no news in an effort to raise the flagging sp, then ultimately this latest dilution at such a dire sp level. It has been outrageous behaviour really, devastating consequences, and yet it isn't exactly a large amount raised. We've been stitched up. No JV, no resource JORC. Nothing except a shuffle of bodies.
Dilution is unavoidable, but it's the manner in which it occurs that can be called into question. Sadly, the BOD here has broken our trust now, in my opinion.
just a quick post......absolutely knackered.....Curtwurt and being back at work taking its toll just now......lol
have had a quick glance at mr bird's cv.......bit of a mixed bag by the look of things.....
although I was not best pleased (like most) with the latest hefty dilution, particularly the way it was both released and priced (why not half the shares @0.05...???), I am intrigued as to why the need for it right now...??....they must have a damn good reason for requiring it due to the fact that they should've had approx. £600k already in the warchest........certainly not needed for drilling at this time of year...??
I'm in a better position than many of the LTH's here due to the fact that I've got several different tranches @ 0.039, 0.05, 0.08, 0.1, which will be traded to reduce the cost of my original purchases, the bulk of which were bought @ 0.9....!!! got target prices set for them which should be easily achievable if this becomes one of mr bird's hits......time will tell........
hopefully things will start moving and also become clearer in the very near future......
Yep, it was almost 8 months and clearly they have done bugger all except shuffle a few people around, and last minute to boot, in an attempt to mask their ineptitude and save a bit of face. Well, as they must know from reading the bbs, it hasn't worked.
I'm furious really, but no point in blaming ourselves. The only thing we can do is wait for the next news. Another fundraise after hours RNS though, the cowards way, and I'll be off for sure.
It's with the utmost sympathy that I see you have been afflicted with the "Colin bird"! It's cry of " dilution, dilution"! Have been heard many times over here in Jubilee land. Having fled its nest, leaving its offspring the "Coetzer" alone and unprotected, to fend of any circling predators! You will find the "Colin bird" responds poorly to normal requests, intact it has been shown to be a poor communicator, responding intermittently to the emails often provided in good faith to its frequent followers. Experience has shown how ever that frequent feeding with large amounts of options have the effect of it sounding its mating call" game changer" and "transformational" followed by a repeated " imminently, imminently". But like the cuckoos call! You will only hear this for a limited time. Usually until the "Colin bird" has had it's fill, the nest emptied of any other competition and what remains of the "parent company" is too weak too carry on! The pain may be short lived, or like a tape worm. You may carry this parasite for years! It gradually draining your life blood. But never killing you outright ! After all that is what a good parasite does! It feeds of the host, just enough to weaken it. But never enough to kill it outright! And when it sees there is no more it can take! It moves on!
Enjoy your new pet, get used to its call! And just be glad if it means a quick demise! Over here in "Jubilee land" we have been infected for many years, and still the pain goes on!
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