Ann: Prospectus - Underwritten 1 for 4 Rights Issue, page-8

hey navygulf
my avg price was 1.8c-1.9c and after seeing our cash position in the last 1/4ly I couldn't quite understand why we started moving up and then far east capital came out with their story and I thought they will bring in fresh money and push up the vwap so decided to drip feed a 1/4 of my holding on market so I actually made a profit selling in the 2's with someone else vying for the few buy orders at that level,i used the cash to buy into 4 companies that are actively exploring near sfr and all are about to drill holes any day/week now.
I guess we will always disagree on management because I lay the blame squarely at their feet,in 5 weeks our second partner will have been onboard for 1 year and like their predecessor have delivered nothing tangible, they were picked by management to help advance derewo and as far as I am concerned if we are not mining we have made no progress, which is a shame with the potential of the area, a change of strategy for me is probably just as important as more cash.
so good luck with what you choose to do next, it's been a pleasure chatting over the years and remember to drip feed not dump when exiting and hopefully on good news.
p.s I got my sense of humour back after downsizing, couldn't be happier.
regards timmo