RE:RE:RE:RE:RE:RE:RE:RE:INTERESTING>>> whats your takeCudjo is not all wrong, and mil, your right, millions of shares for the taking between current price and 20 cents, still won't help the longs here though. Wont help those who particpated in the 20 cent financing either.
CH7 isn't going to be enough as it stands. Glue is going to be required, there is the breakage report to come, and valuations, which will be lower than CH6 - diamond market and there is 41% greys and browns. TBD IMO.
I sold my rights, as I did last time, as soon as they hit my account, and it looks like almost 9M+ on offer now with no bids. I am a friggen genius, lol :D. Not really.
I do agree that most of the retail will not participate unless a surprise announcement comes before Friday, once burnt twice shy and all that. I think many of the 20 "centers" are still with us.
For them to participate, the Friedlands must clearly demonstrate they will fully particpate in the financing before deadline, a show of confidence is needed IMO. CH7 didn't cut it for that.
Deadline for most retail is the 22nd I believe.
If management takes all that is left on the trading floor - and it appears that millions will be, and the financing is fully funded by themselves, then private is probably the way this will go and they will blame the markets.
My position is in my estate, and I suspect my heirs will liquidate as soon as they can because it will take many more years, and millions more dollars.
I will be dead before this is ever a mine.
Unfortunately because of my timing, profit?
Seriously doubt it now.
Apologies to all those who got in around the 20 cent mark and I said you will probably see a double.
Getting in now - see what I said at twenty, unless cudjo is correct.
MHR