RE: Short sellers - better protected than grouse!14 Aug 2019 21:25
I think the bonds and the share price depend on the bond market, not been a great day for any market and I wonder where the good news will come from to change it. The USA/China getting round the table early would help but the brinkmanship continues. Perhaps the fed will cut the rate or at least talk more about doing it. This is all down to tariffs or just the threat of them. IMO
The question is who would buy them, not me I have just been diluted 40% and you are proposing another 60% so my 100 shares are now 36 so 64% less share of the pie plus still have construction risk to worry about. No thanks.
He is busy refining the drill and blast programme at the moment that is a guess but the only thing I can think of that is going on a two sites at the moment and will be complete within the heat time frame he mentioned before he leaves. That is my guess we may never know.
Croz, JPM stated when the bonds got pulled that the market would now price the worse case scenario which would be more equity. The bonds will be re-scheduled for sometime after the 2nd Sept (Labor day) that is my guess perhaps earlier and none of the main II have sold (yet) so what has changed.
I will not be buying until the bonds are sorted, not got the cash at the moment and not brave enough even if I had. I know this is a great opportunity to average down but I will have time after the bonds go to grab some my average is mid 20 and it will not leap passed that on the completion of the bonds.