RE:RE:RE:RE:RE:RE:RE:NCIB useless
Foundryman,
I've had a couple hours to cool down since this morning. So your post is very well thought out and logical, but you sound just like me defending this stock 5 years ago. After every dilution I thought this was another good entry point only to get burned and burned more. This stock has a lot more downside, it's been at USD$2 quite recently, and gold is showing weakness and no strength regardless of world events, it is more realistic for gold to drop then rise, and if it drops another $50-100 then SSL will be in a world of hurt. And you can absolutely expect to get 10-30% dilutions every single year moving forward, because that's what this company does. They're banking on higher gold prices way too much rather then actually providing something. They really lost the room with this deal, it's just more future promises at today's expense.
Since I've endured 7 years of pain, I understand you have way more patience to give this turd then I do, and that's understandable, when you buy in after several more dilutions and see zero reward in 2020 you may change your tune also. They will announce some new amazing deal they just had to do, and tell you 'hey just a few more years, just a few more years...."
SSL also made up a decent portion of my portfolio so I have every right to be livid, I've stuck by this management team for years for them to deliver nothing to the shareholders but lots of pretty words and pictures of future promises. But 7 years is 7 years. I got the itch and it was time to scratch this off.
I wish you board members the best of luck with this stock.
p.s. As I typed I received a response from SSL Denver Harris reiterating the following:
"We are limited in what we can say about the transaction based on rules under the UK Takeover Code"
This is one of the problems I have with this deal. They cannot even discuss it, they used MY MONEY and made a deal that I cannot even question. Such a huge massive deal that impacts us, the shareholders and we have to just take it, no questions asked. I'm not an expert on UK Takeover Code but I have not been able to find any information how this and why there's so much secrecy. It just sounds like the insiders in both companies are making paydirt whil we go pound sand.
That's shady, not honest, and I cannot trust this management team anymore with my money.