Acadian Mining Corporation ADAIF

RE: Well now we know + frustrating

[Orwell]

A stock doubling in six months is joyful, not frustrating. However, in this case, I agree that the dilution does qualify as frustrating, in fact, extremely frustrating. In some respects, management works for us, and we were aware they were going down the debt route. I think they should have taken more time out to knock on alot more doors (everybody wants things done yesterday). No matter how they would finance, everyone wants their pint of blood. But I think we needed at least some debt. The higher the value of the company becomes, the more the dilution outweighs the debt. I would have a problem hedging any gold sales, but I have no problem hedging zinc at $1.50. In fact, if they could hedge some zinc, I would actually prefer that. The good thing is that I only have half the number of shares at 1.20 as I had at $0.60 (I'm never so greedy as to not to take profits), but my assumption was the stock would go higher after the financing. I'm prepared to sit and wait at this stage (not buying / not selling). I still want to see the gold story play out, and I'd still like to make at least another 80% from here. Aside from management or the dilution, don't forget that our fate is still dependent on commodities prices. For those who are selling, what are your alternative picks with comparable stories and prospects as Acadian? Cheers, O.