Did you sell a large amount on the 9th, or hold and watch it drop to where we unfortunately are now?
You were absolutely right of course. We still don't know the plan going forward, only that there is now a sniff of expansion in the air. At least it's a good sniff I suppose, not necessarily the putrid stench of death. Lol.
No equity can be issued at lower than the nominal value level, correct. Unless there is a vote to remove the nominal value level in order to raise funds to stop the Company from folding, which is an horrific situation to be faced with, but is exactly what happened over at BHR, a coal share. A share which I am also in, and have written off, because it is now at the mercy of the lender, even though it remains afloat. For the time being in any case.
It won't happen here though, as we have multi-metal assets, including zinc. Huge.
We just need to see the strategy which will now drive this. MA has mentioned though, that Hunan could help finance our Kabwe operation and provide technical expertise on our mine. So, I hope that will be the case. We shouldn't therefore worry unnecessarily about dilution, just take each piece of news at a time.
Let's see then, but currently it is miserable out there, wherever you look.
Hats off to you for your vision. Hindsight now suggests I should've sold up along with most of us here at 2.2-2.4 area and looked to get back in with same amount at this price with a lovely lump of cash sat on the sides.
I genuinely thought we would see momentum gather, it hasn't and the recent RNS whereby MA once again kicked us further down the road by delaying Copper Production for what appears to be a good reason if you believe what's written in the RNS.
if the sp goes to 5 level, then no further dilution, warrant holder will exercise the 2.8p warrant, if the sp goes to less then 1p, then no further dilution, no equity can be issued at the price lower than ordinary level.
Can't see any point in talking about dilution. With the current sp and still dropping, and with no sign of any action in the near future, he would probably have to give away half the remaining company to attract anything like enough money. Also can we please taper the endless optimism we are hearing from certain posters which has followed the sp all the way down from 6p and more. Without news there is in my opinion little to be ecstatic about at this point in time.
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