Have to agree, and I don't think it happens as much as people make out.
I use Patto's and join in various raisings occasionally, I'd be buggered if i'm jumping out for a couple of percent gain.
When I put my capital into a raise, it's not for a quick trade but rather looking for the growth story.
I grabbed a chunk on the last raising for MGV and have added to it since then, not sold.
Will free up some cash for the next raising as I see this project as a winner, not sure of the timeframe however wont be letting my holding go for peanuts, but rather looking for a return on a successful mining company.
I use raisings as a way to take a half decent holding at what usually turns out to be under long term average share price.
I believe MGV will significantly rerate in the future and wont have to worry about the mad scramble for ever higher priced shares.
DYOR
Jules
MGV Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
