Not sure how they will keep raising money for acquisitions as...

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calmar

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18/07/18

16:22

Post #: 34426806
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Originally posted by Reillyblue ↑

Not sure why you are having a crack but appreciate that you thought enough of my post to reply. Might pay to do some research on the previous posts before you contribute.
My old mate there was ramping this company from3c up to 7c spruiking that it was going to sky rocket on china deals and all sorts of things. When challenged he didn't like it.
Unfortunately posters like him can suck others in. Anyone who bought at 7c (remembering the share consolidation of 25:1) would have bought at a price of $1.75. It is now at 69c. So it may well double but it would need to triple to get back to those prices.
And IMO, I'm watching this stock because at some point it will bottom. The management have been pretty clear no china (yet) and more acquisitions. This means more CR. So could drop a bit before heading up. IF they get a portfolio of quality acquisitions then it could be a real target for a takeover. And, again IMO, Paris creek is a potentially good buy, Maggie Beers has been a failure and the latest one is a mheh.
Best of luck to you, I would love to hear why you think it will double by end of year. Different opinions are valuable as it is how we learn!

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Not sure how they will keep raising money for acquisitions as they have burnt institutional and retail shareholders in the last two. The equivalent of 3c for the 1st and 2.8c for the most recent. Currently at the equivalent of 2.76c
All investors in these raisings are losing money. The company has a credibility problem for the next.

LON Price at posting: 69.0¢ Sentiment: Hold Disclosure: Held
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Not sure how they will keep raising money for acquisitions as...

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