RE: RE: RE: RE: RE: RE: LOL I can totally understand that longs who did not, would not or who could not average down will be upset. Mgt should have moved to development immediately post TSB-1 to minimise dilution, they wasted a year on a wild goose chase and i believe Tom was likely driving that strategy and that he left the company due to that. They indeed made an error of judgement and many of us have paid with high dilution at current low prices. At a 40c average i believe a profit may be booked here, but it will take a good while to get anywhere near that once the new shares come in. The best option on this play imo if you believed in the quality of the asset (as I did) and that someone would lend against it, was to average down. I took my unit cost down to 7.1c, but i had to commit a fair amount of capital to achieve this. Even now at 6.5c i am looking at a minor loss, but i hope to move into profit very soon. 14c and 1/2 will be sold and I can run a free ride with the rest. At the current price though, averaging down is still available here for longs at 25c. I tripled down, took some at 9c and then much more at 5c.
Risky, risky, risky but it beats sitting on a 22c average wondering if I will ever break even IMO.
Fortune favours the brave.
IMO/DYOR