At least we have a CEO who has the commensurate tunnel-vision not to get distracted by satellite projects and squander money away in a fiscally straitened ambient; who has commendably brought in a self-denying ordinance to reduce his salary in difficult times; who, due to his enormous shareholding bought at market prices, has interests perfectly aligned with the private investor; whose business acumen ensured adequate funding when the share price was riding an artificial high; who has assiduously kept the private investors informed of operational progress; who would never pawn large parts of the company at usurious rates and who will not incontinently lend money to even more impecunious and speculative companies.
If you needed to secure funding, then why did you not do that the first time upfront with Lanstead, rather than go cap in hand and shaft all of us, you take the money each month but have delivered nothing, its an insult to the PI's, you're a disgrace...prove me wrong!!!
Ed, you make for good reading as always. CSP has been criticised in the past regarding his leadership, some of which was wholly unjustified imo, he knows this, this was an opportunity for him to tread where he is asking others to walk. A little help from PI’s for PI’s. atb
Regarding the offer. I think the take up will be quite high as a lot of the offer shares were pre sold to ii's. The offer to pi's was a massive 1 share for every 21 held. If the take up from ii's had been low it would have been more likely that we pi's would have been offered 21 for 1 rather than vice versa.
As to the SP. It's not unusual (Tom Jones told me) for the SP the go down to or below the SP prior to the issue and then open higher on the first trading day.
Not to long to wait to find out. Results of offer : 19th Sept Trading commences : 26th Sept
One plus point to remember is that we do have a remarkably low number of share in issue compared to many junior explorers
BEM 325 million REM 5.7 billion RRR 2.1 billion BHR 2.4 billion FRR 2.6 billion
I feel reasonably confident at the moment but of course I cannot foretell the future, only chartists can do that (pause to extract tongue from cheek).
Fingers crossed for news tomorrow of a high level of take up.
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