RE: Towel in @ 84p28 Oct 2021 10:30
06.44
Blimey, if you're already sitting on 569% profit, I'm not sure you need advice from anyone. Had I been aware of that significant piece of contextual information, I would simply have suggested that you keep doing what you've been doing. You must have had exactly the same conundrums at various points along your journey so far. Whatever your thought process was back then clearly worked for you.
Your next steps are all about your personal risk profile. Only you can answer your points 1, 2 & 3.
FWIW, my own view is that we may see a small dilution if the company elects to raise funds for the next drill and IMO this is preferable to a FO which gives away too much of the ultimate prize. If we see dilution, I'm confident that this will be more than compensated by a rising SP leading up to the drill. Should the drill be the success we all hope for, then I think there are potential further SP value multiples from here. Should the results be so good that a suitor (even better suitors) appears then the sky is the limit. We also have potential early wins from short term production which brings positive cash flow - never a bad thing.
All IMHO, your money, your choice. Good luck!