RE: Bought at 1p14 Aug 2019 11:26
Dan, Sorry to hear about your average of 2.2p; but you have to account for this company's assets fulfilling their potential over the long term - as you have already intimated, in your previous post. And still this company - unlike the majority of its AIM peers - has a relative allergy to the fundraising pollen that pervade AIM's air.
Many of this company's PIs feel not only deflated after the unexpectedly bad news on the main Cobre client, but also disappointed in some of the inconsistent messages from the BoD (for example, Alan Broome visited Cobre, last autumn, to potentially attract new clients; no news since); so, as the BoD have generally managed the progress of this company, slowly and positively over a lengthy period, with expansion self-funded as much as financially practicable, they have set themselves higher standards than those of the majority of their AIM peers, meaning that any miscalculations on their part are judged - rightly so - harshly.
The fundamentals of this company remain intact; it's a matter of extracting from the strategic review the best possible short-term profitable outcome that can continue progressing our mid- to long-term assets without overly diluting our ownership and profit from them.