RE: Massive Dilution23 May 2018 12:39
And this is how long term shareholders are shafted - one placement at a time.....If they know that the current net asset value of the company is more than the current share price, then why raise the money at heavy discount to outside shareholders. Just give the whole placement allocation to existing shareholders before going outside. Shareholders shafting at its best..And why pay 2 and 20%, when the coming mining boom is going to raise all the resource stocks anyway.... Commonsense is not common at all. PRS could save cost by meeting all the CEOS of mining companies at mining conferences regularly held in London. The next one is in November at county hall, directly go the horsemouth rather than middlemen like riverfort capital.....You don't need middlemen like riverfort capital to find hidden gems in less than 500-800 resource stocks across LSE, ASX, NYSE and TSE.
PRS investment in ARCM is doing well without the help from Riverfort capital, If the whole �6m is invested in ARCM, it would still give returns multiple of the current market cap and they don't need to pay the 2 and 20% performance fee.
Shareholders shafting at its best...