Once again Doc, you are correct.
The LSE board last night was so funny to watch and read....it was like a school yard fight and seeing those that do not hold come slam a few worthy long term holders....seriously the reactions are a joke. Those with that type of emotions should stick to casinos!
If DW released this before the yukon 90m Ann...the SP may have took a dip below or equal to 1.8c and we would have all said, well at least we got the money in, or worse case, we could not get it filled by instos so we end up short on money. I think it was aBRILLIANT plan to pop up the SP to 2.4c then get the instos interested in a ROI so we now get all the cash in the door.
The SP has been close to 1.8c for a month now and everyone, whether through the placement or on the open market, could have bought in at these low prices....so you could have all been in a GREEN position right now with new purchases. The fact that not many took up the placement, has forced a BUSINESS DECISION to get the rest of the placement taken up and collected. I don't care if it is DWs friends or some instos looking for a quick buck, the fact that the business needed cash, and DW has had to find a way to get it in, shows the forsight and the business savvy man he is and understands what needs to be done to get the result he wanted. If he goes into negotiations with this attitude, we might all be impressed with what he might come up with regarding farm out.
So finally, with the SP drop that could happen on the ASX, this will give everyone ONE LAST CHANCE to top up before we could head north forever. We will have cash in the bank.....we do have a project in Feb...we do have negotiations going on...with a month at 1.8c, the placements and a final chance to get in at a low price, you will all have no reason to complain again for chances, so the ball and onous is on you as an investor....this is your call.. possibly your chance to get in with DWs mates....so whatcha going to do???
My disclousure is I have an average of 4.8c on one platform, and 2.2c on another.....so I am still in the red, but am I worried...NO. I am loving the ride, the emotions and hopefully the outcome. But DYO research, don't listen to the boards, and good luck to all....life is just a game, so play it!
Aussie
88E Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held