Been away18 Feb 2018 09:20
For a week with no / little wifi something I deliberately do for my own sanity, to find 1. My largest share holding SGRO announced record results. 2. PERE my 3rd largest holding shares are suspended and 3. TLOU my 4th largest share holding announcing a major set back.
I had recently placed a small buy order here at 1.25p but never executed. Time will tell if I missed out. Similar to others my average is 2.2p
Apologies still playing catch up with posts, reading articles etc. First thoughts are: this is a huge deal for a cash shell with an mcap of only 2.85 million to pull off. I would congratulate the team, many cash shells never delivery and aren't we all here for something this transformational. Yes there will be an equity raise and yes DL did want to avoid going down that route but surely this is an opp you cannot afford to miss, a profitable producing mine, when it looked in my eye's that it would be something smaller or a near term producer. The raise could easily be at a premium as well as discount. Anyway I have often seen the SP race away when at a discount, likewise drop like a stone after a premium raise. Lots of work for DL and team ahead. Target April but DL hinted in interview said could slip.