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28,706 Posts.
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25/11/16
15:56
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you could have made 25% in one day
we were waiting for the capital raising to buy (despite holding a small position)
it was a classic capital raising sell off (to finance buying at a cheaper price) & bounce
at the capital raising price, it was capped at $7M with $2.5M in cash = EV of $5M
u were calling "sell" for a $5M company with a huge & established (already drilled & measured) coal coking coal resource
Last edited by
ddzx:
25/11/16
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