You would think anyone selling at these prices is selling into a future placing so I wouldn't be buying any right now. Who would sell 3 million shares in old money at 12p. From the options placing alone that's a 40% loss. There was a 200k sell last week at 6.5. That's ten million shares in old money. The only people selling that volume would be placees. Sorry not buying any of it.
Airforce by selling up you allow the company to get away with poor performance, I am sure if you are a holder andhave been for a while your breakeven price is a lot higher than where we are now. Howe could have been more innovative in terms of financing, debt financing was not taken up and we could have secured the lending against the assets. Mollacas was a big oversight and an never be forgiven. Look at the mining industry as a whole and many have multi bagged, this company has… Read More
It was never going to be easy selling Los Calatos at the bottom of the copper cycle big companies were cutting back not expanding it was only left to the sharks after a bargain, he took the best deal on offer at the time which hopefully could turn out to be better deal than some people think. Im no expert and have never contacted the board like you Akhbar but if you were not happy with what they said why didn't you sell, I thought that would be the whole point of contacting them then you… Read More
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