RE:newsthought we were told we would get cuastics on the drills from 7, 44 and 6 as well.
Pretty weak and feable NR, don't think I will be able to unlaoad without big loss for at least a year or more now. Cudjo price could be close if tax loss really kicks up steam, with this NR it just might.
I wont put another dime into this, my rights are under water, my initial investment is way under, and the warrants are beyond hope IMO.
A great deal more dilution will be required to move this forward as I don't see any money coming from warrants.
More dilution means less possible of gains for the long suffering longs as news comes out on 2015 bulk samples in 2016. I now expect the float here to be well over 500 million in 2016, that WILL mean it WILL have to be World Class to move anywhere near a dollar now, and that isn't in the cards IMO.
This all started when we had a solid floor around 40 cents and management moved to 21 with the financing. Clearly, they had no gas in the tank left, and we were caught off guard by DeBeers departure. Kudo's to you Cudjo, I think you nailed it.
If management does move forward on the warrants it is because they want the highest percentage of the company at the cheapest price, IMO. I am beginning to move into cudjo and mils camp. Going private is a real concern for me now.
Fivecarat, a hostile takeover is what we need now IMO, but with management owning over 50% that cant happen unless they sell their shares. The only left to us to move SP now is promotion, and we have seen what they have done there, zip.
As a long, I am very disappointed, we were promised some meat (lean meat to be sure, but something), we got a watered down cold gruel instead, more please sir....
MHR