RE:RE:RE:For the last timewdr2
In resource companies success depends perhaps up to 90% on management.
Unfotunately, unless you can check their track record, one finds out too late if management is any good and there is really nothing else to do than walk.
It is never worth the trouble trying to remove management unless you are a large shareholder. There are so many other good companies around to invest, so why bother
I suggest you wait how management allocates, uses the $56 million and then decide.
I personally will sell the moment the company receives the money and wait. .
Then, if I agree what management is doing, I'll buy back in again.
It does not matter if it moved up a little. It is much safer pay a little more than losing money, riding it back down again.
It is a free market, you can do what ever you want, nobody forces you to hold on to a loser.