RE:Murray taking some big bites, again.
Yes . It continues. Retail investors are oblivious to the fact that they are getting smashed with massive dilution. ME has picked up 4.5 million shares through private placements. 1.5 million of which were issued in Jan when the debt extensions were announced. Now a further 3 million shares are issued (interest payments) and we will hear about more debt rearranging shortly. Each PP just dilutes Retail shareholders into irrelevant oblivion. Another miss by management and I quote: Nick Jarmoszuk Given that first quarter '19 is coming up rather quickly, can you give us a sense of what sort of restructuring time lines we should be thinking about? And whether - just what the mine market should be? Brian Kynoch We think there might be kind of 2 phases to it. So we're hopeful, one part of it would be before the end of the year and then probably another part of it early in the next year. We'll have to be early - by February.