RE: Daggers are out!24 May 2018 22:44
Sean - my currently fear of being out at this stage is much greater than being in - takeover v dilution (however that fear may swing in the other direction if the summer months slip by without a blockbuster of an MRE update or some corporate activity)
Dilution- Im not happy about the dilution from 32/33p to 25p (it cost me a lot of money and the II's who got in at 25p can sell at 26/27/28 for a 4-10% return for quite some time / I originally thought they would be sticky hand investors but now I very much doubt they all are), in my eyes dilution for an explorer is part and parcel BUT value has to be added to compensate for that dilution and at this point in time that additional value has not been created - which brings me on to my point of the holding back of the updated MRE (for bumper effect - maybe ?) holding it back rather than releasing more regular updates prevents a steady run upwards (going towards in part recovering costs and PI losses caused by dilution) - so are they holding back for a blockbuster release or holding it back as they have something to hide, time will tell on that.
I also share the frustration of some in regard to Aggy - I was expecting more of a positive SP reaction and now it seems to have gone very quiet - why would they lump it in with the rest of the updated MRE if initial results were outstanding - I don't have the answer.
Putting all that aside however...
The discovery here is huge, it is getting bigger, (grade we are told is improving) Tier1's are rare - we have had interest, we have had major investment and endorsement - Pad sums it up every now and then and does an excellent job in doing so
60p for Ensa you think Sean revised from your old 77 taking dilution into account - I personally Ithink we could achieve a fair bit more - but hey if we achieved 60p id make a good few quid