Usually best to play pass the parcel with loyalty oppies when...

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rastus64

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19/09/17

10:52

Post #: 27310551
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Originally posted by Shady Merv ↑

Yeah? If that's the case then so much for caring for the loyal subscribers of which I was one. They were called 'loyalty options' after all.

BeeJaye has the same thought as you Danny, but I don't agree.

As you know, it took longer than we expected for the drilling to commence - for whatever reason - and that put a real squeeze on the time allowed for good results to trigger AUROA conversions. In the meantime though, and a day after the last assay news (very good) on Monday 21/8, the company did a placement with JPM UK to raise $1.68m. That came as a shock!! What?? Why!!

Now we probably know why! The chance of getting a fair part of the 20/9 options converted was probably not great, so grab the money while it was there, and also @ 8c - from a new loyal supporter too..

The drilling commenced 2 weeks after the placement.

HQ probably knew that the timetable would be tight even before 21/8.

Then we have the wording of the 5/9 drilling ann:

Approximately 2,500 metres of RC and diamond drilling (Figure 1) has been designed to determine geological controls and geometry of the high‐grade zones of mineralisation in WDRC005.

'.....................determine geological controls and geometry ....................'

So, it could all still be sweet, but not because of the theory of SP suppression as you propose danny.

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Usually best to play pass the parcel with loyalty oppies when they are worth something too late now of course.

AUR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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Usually best to play pass the parcel with loyalty oppies when...

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