RE: Placing22 May 2018 09:36
Eldorado - I agree. New shareholders now comfortably outnumber old ones. Also, old ones are all sitting on a loss, so will be biased by that.
Potential new shareholders will mostly wait as there is such a huge overhang to work through. Very little of the �7mill will be interested in gambling on 25% COS so the churn will increase as flippers become nervous that they won't have time to offload pre drill end. They will get rid of a decent amount on licence confirmation, and more again on spud, but 90 million shares is serious volume here. I'm expecting that a decent chunk will be sold at a loss and there will be opportunituy to buy in, nearer drill, with licence confirmed, for sub placement price.
IG