Capital raising, dilution - all a fact of life for micro-caps....

Capital raising, dilution - all a fact of life for micro-caps. Investing in these penny dreadfuls is not for everyone. Note Farjoy - even though I'm not a fan of their overall style, they have to fight dilution all the time, you can see them topping up to maintain their % share.

I'm not too fussed now with BAT - the company has funding and can get on with building two mines. In the near term the biggest enemy on the stock price is negative sentiment, so I'm trying to keep my trap shut. I can (vaguely) understand how non holders get off on piling sh## on it, but it's just self defeating as it will all eventually wash over as production nears. Sour grapes only taste bad if you keep eating them.......