RNS details3 Jul 2018 10:53
..... so, they gave away 11.5% of the company at very big discount, showing bugger all confidence that it was worth more than the 1.30, and to then add to that kick in the balls, they effectively insert a digit elsewhere, by issuing warrants executable at 1.75 which will be jumped on, in the now less likely event they actually manage to convert some of these "results" to something tangible, but basically at zero risk to those with the options, because if they do delver on the promises, 1.75 will also be a bargain basement price, but if it's a duster then the warrants expire and no risk to those eligible... nice heads i win tails you lose scenario.
Then earlier in the RNS they say
"The unexpectedly thick alteration and mineralisation, in the form of multiply-silicified, quartz-magnetite, hydrothermal breccia, appears to have taken the place of, or is very likely above, the copper and gold-bearing diorite."
and there we have the hint of a final kick to the teeth.... "appears to have taken the place of", this is tangible and visible in the drill cores so far by the sounds of it, unlike the speculation/hope/wish/dreams "or is very likely above" bit they add in to completely avoid admitting this could be a complete waste of money, and that they've basically mis-judged the size of the sharktooth deposit, and they've just drilled off the side of it, meaning they will now need to drill again, closer to the known area in the hope of identifying the extremities of the deposit.
should have dropped this like a hot potato the minute i scraped back level, but i got caught up in all the hype and hope
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