RE: Dilution20 May 2025 09:53
Hi Tommy,
You will always get the ramp and deramp crew out in full on these minnows, you can read recent news a number of ways, personally i see the recent raise has been completed so Mosman can do what they have done with the first drill and increase their stake in the other drills once this is complete.
I cannot believe that Mosman dont have some sort of idea of what is underground. If it was known to be a dud why increase stake.
On the flip side why would Vecta sell? Are they in the know there is nothing down there? If so why continue to work on the project for nowt? They have derisked and have a free ride, again do Vecta have millions of free cash to do it alone? If so that would be a flag, but this looks like a win-win for both parties.
I personally expect something to be underground, whether that is commercial or not is the question, we dont know but at these prices I am happy to take the gamble as seeing what HE1 done I feel I will either make 250% or lose 50% of my stake, those odds seem good to me on a YES or NO outcome.
There are a few irons in the fire with Sagebrush and Coyote, so even if this is a duster there will be chances to get your money back at these prices.
If you dont like risk then you shouldnt be in AIM and maybe put your money into the main market, however for me the upside outweighs the down, which I cannot say about many shares currently.
For the record I have been in for a good 7 years so I have read a lot of Steakpies comments over the years so can easily see why his tune has changed. No issues with that.
Regards BC
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