RE: a bit of blue today29 Aug 2019 13:33
mention CR, mention consolidation its like a switch to some, not my words below, in fact I have no idea which posters but thought a contrary view to some, who seem to bought into an explorer with no production but then seem to think capital grows on trees and DW should work for nothing, halve his salary and what would the real difference be to the company in hard financial terms the most important thing is that you believe the company strategy going FORWARD makes sense and do you trust the BOD.
"I would take issue with your views on share dilution.
For a well known example look no further than BP started in 1909 whom, after an exploration licence was granted in Persia, discovered nothing for seven years.
Due entirely to the perseverance of it's founder William D’Arcy and a certain Winston Churchill, who persuaded the UK government became a major shareholder, the company not only survived but is what it is today.
With eventually 20 billion shares currently in issue it was over time, and still is today, the only way to sustain growth against unsustainable debt.
Ask any competent CEO from any sector what kills businesses most often and with exponential acceleration?
Top of the list is cash flow.
I'm not saying dilution is not a negative factor from a shareholders point of view but in the larger picture the heaviest burden on cash flow is virtually always excessive borrowing ; I believe placings etc are better seen as a safer trade off than the potential outcome of toxic debt.
Keep your investment if you trust the people in charge and get out if you do not."
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