RE: 1.65 paid2 Jul 2020 17:02
I must admit I am regretting selling here at 1.33p about break even but the notice at the EGM that they had authority to issue 2,000,000,000 shares of no par value did spook me. That's diluting you to a third and I worried much would go out in pay not placing but it was slightly over my head or interest level to work out the exact mechanics. I had been excited by Adam's appointment and professionalism so was looking to get in but I know here there are infrastructure issues like roads needing to be built etc. I first got interested last year when the govt made announcements to build lots of infrastructure in the east to form more links with China I believed. Then I thought indonesia or whoever were ceasing nickel exports to focus on smelting, but that tuned out to be just for a few weeks or something or is an ongoing threat that rarely materialises. I think placing could easily come soon. I'm a bit concerned how this company may just now make EUA like moves in the hope people will think it's the next big russian mining share. It could well be but I'm looking for just a little more than 1 appointment I think in case it's just window dressing. After the next placing or drop I think I might be interested again but it burned me once before at around 3 to 4 p. I now see 1p as the tempter level. I know this board has quite a few tired of watching the pot that hasn't boiled for many years of promise. These auto trades seem to make the indicated share price a bit unreliable too as they seem to set the SP, at the moment above ask for example.