RE: Conf Call24 Feb 2019 18:19
China - dilution is never ideal but look at the other options. We're an early stage exploration company and need money somehow. The only other option is JV or buyout which at this stage would probably result in us being taken out at somewhere hear our current price, maybe a little higher. This way, we prove up the assets (hopefully!) and are in a much better position later this year/early next year to get more money for our asset. This was Nick's words and not really mine, but in my view it's the right one as once again he's looking to provide maximum shareholder value.
So i can only repeat what I said earlier in that for now i believe Nick is doing all he can to give us some shareholder value. The market is a fickle thing and most of the time you just can't work it out. You make your choice China but my choice is to see what 2019 reveals and by the end i'll hopefully be in a decent position to make an informed decision for the future.