You're not down ramping this stock and you haven't shorted it. You have no interest in it, except to say that you're a realistic person making realistic, adult comments such as:
"Maybe the driller dropped his wedding ring down the hole", and
referring to assets in Europe as a "moose pasture", and
reciting some story about some guy who "walked out of the Jungles of Borneo..."
You haven't just opened you're hotcopper account, and you haven't picked this company as an ideal candidate for a correction in SP because of the positivity on this forum and the strength of the SP post a Capital Raising.
You somehow don't understand, despite your obvious knowledge of mining (witness your own comments about diamond drilling the original find) that a Company's share price can reflect more than just its established resources. You don't understand that to earn outsized profits you have to take outsized risks; you have to make a play before those resources are found.
You also don't seem to understand the difference between probability and CONDITIONAL probability. You're happy to go along with the premise that discovering Gold is maybe a 5% shot in the dark. I say, it could well be less than that BUT discovering Gold when you have already reported healthy finds is a different story altogether. Let me explain in a language you may understand. What are the chances of a woman in her 40s falling pregnant?
Is it 50%? Is it less? Now, what's the chance of her falling pregnant if she's had three perfectly healthy kids in to her late 30s? It's a totally different scenario. You can see that right?
Let me bring the concept back for you. We didn't invest in this Company because they have established the presence of an enormous amount of resource and we didn't invest in them because they are some group of people randomly digging for Gold and other stuff.
We invested because we identified a good risk/reward trade-off. A Company which had siphoned off assets from its sale of Sirius; a Company of highly respected and very successful explorers; a Company which had struck Gold in initial discoveries at Baloo, Nanook and at Monsoon.
As for your comments regarding the dilutive nature of the Capital Raising, I would suggest to you that the Trading Halt was called on the 25th of July, the SPP announced on the 26th. A week prior, the SP was riding around 29.5c at COT July 19. They were obviously caught out by a catapulting share price, I would hardly blame them for raising at 40c.
Obviously what was announced this past Monday hit us like a brick. It clearly changes that risk/reward setup I talked about. I obviously have an interest in this stock as a holder. You, on the other hand, were talking down the stock even prior to the announcement. You would have us believe that as a reasonable person you just happened to chance upon this stock and were very happy to rub it in when you must have known investors were hurting.
That doesn't seem like an 'adult' way to behave, therefore I must assume that you're either:
1) A callous, cold-hearted human being; or,
2) You have an interest in down ramping the stock.
I'll call your "Bollocks" and raise you two ovaries that it's no.2.
Have a nice day.
S2R Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
