I brought the cap raising into it because it was counter to what you were suggesting. By doing a buy back weren't you hoping that your shares would become more valuable as there would be less on the market. Instead they decided to dilute our shares just before selling our only real asset thereby reducing the payout per share.
What I find strange is that they decided to do a cap raising for a couple of million dollars when you would think they could borrow cash of the Gandel empire short term until the stockpile was sold. Did IG want this to happen?
Yes Sis, I'd be wary of how much money is thrown into exploration in WA. You wouldn't want to see another Maldon.
