Investing 101:
1 billion shares @ 25c
250 mill. shares @$1
Is there a difference?????
How many times have DCN raised, how many times have WAF raised?
You’re still treating this Company like it’s operating in WA. Concessions were made to secure funding where sovereign risk has deteriorated in the last yr and financial markets are on edge.
Time IS risk! Waiting for better is not a rational option. Grow it, build it, sell it - move on. Why do you think they’ve condensed the mine schedule?
Poverty, jihadists, military coups - devastating possibilities from many angles, and you want to chill out and extract every cent for shareholders.
Tell me 99% of shareholders aren’t happy we’re fully funded in this environment.
Address the risks, then we can have a balanced conversation.
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- Ann: Capital Raising Presentation December 2018
Ann: Capital Raising Presentation December 2018, page-183
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