RE: If this is how the share reacts19 Mar 2018 09:12
Fizzy, the idea of the company is right - use the revenue from the shallows to explore the deeps to avoid shareholder dilution. Many companies of this kind would have diluted you out of existence with development costs or gone heavily into debt. This strategy does of course slow the process down, and perhaps it would be better to go for more expensive exploration techniques for the deeps and take the dilution on the chin.
I understand the frustration of people who have held for a long time, but as a relatively new holder I feel this year is likely to be the one when the corner is turned.
In some ways the board can't win. There used to be complaints that there were not enough RNSs. Now when they come more regularly, the comoplaint is there is not good news yet. false hopes were raised by whatever shennanigans pumped the price last week. Without the price spike, this RNS would be business as usual