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Management seem like snakes! They announce good news followed by...

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sailfish

1,247 Posts.

6

16/08/16

00:37

Post #: 18524023
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Originally posted by bakerrrrrr ↑

You and I have similar questions that we'd like management to answer, but I think the picture is too tight to SHs. Been thinking this through a bit and I reckon management are in the position of (1) needing North Portia approved, this is critical, (2) approval needs to be timed so they can basically move from the last of Portia ore stockpiles to mining the North, and (3) when all this issuing of shares and CRs are finished (lets hope we get there) they will eventually do a consolidation by half, so that those of us who doubled our shares through the options issue will just be back where we started in terms of volume held and to be honest if that happened to me I wouldn't have lost too much from the options deal if I could sell them at cost (obviously more would be good). So whilst its far from a good situation for SHs, the damage would be less than it could have been. All my random thoughts and assumptions.
Looking back, its not a project that I wanted, but I'm not taking the loss now, so Ill wait it out.

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Management seem like snakes!

They announce good news followed by a share issue a few hours later, terrible...

KBL Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
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