You will have to make your own decision , I am not a financial advisor.
If you need to sell there is your answer. We only lose if we sell if the foundation is good.
But this is what I think
They have tried to run before they can walk .?
Paris Creek should have shown a profit it was before lon bought it what has happened ?
The share consolidation was to get large investors in which they have done but this means retail investors are pushed out , the price drop is going to weed out most of them it is easier to deal only with large investors.?
This has a large corporation mentality but in reality they have very little financially to back it up hence the placements, the vision is great for the long term but they need to carry the retail investors with them , growing too fast can destroy what was good .?
The six monthly report is out at the end of august if there is massive right downs from their purchases i think the share price will dive only what I think I hope I am wrong . Some large investors use companies as a tax right off.?
This is a long term hold .only what I think ... Dyor
LON Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
