Backing up the truck with borrowed money to bet on the next big thing is the opposite of investing.
The financial markets are littered with the corpses of feckless speculators like yourself.
AWE has a real asset which is needed, who can say when the Tesla/Lithium bubble will pop? @catsize I respect your right to disagree but at the same time won't be sanitizing my opinions to please anyone. In the investing world I thrive on holding unpopular ideas which are correct and that's true of my political views also.
That's another discussion though.
I agree with the comment that the reserve for this auction has been set at 83c - either an oil price rally or another offer could see the price closer to value so I will HOLD.
I will be voting my 67,000 or so shares AGAINST the bid and if these directors are still in control in a year I will seek to have them removed for screwing me/(most shareholders) in the capital raising - before they get the opportunity to do it again without consultation.
GLTA.
AWE Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held