RE:RE:RE:RE:RE:RE:Onwards to the next dilutive actGood summary Chip. I too have been tested here and certainly have increasing doubts about management. The technical team have good CV's but that's all history and Sam does not inspire confidence and often looks out of his depth.
Mongolia was/is a mess and IMO they have not handled themselves well to date in Australia. Overly optimisitic at the start of the Lachlan drilling to get the price up to raise further and they have not been slow to vote themselves good options for so far little in terms of results. And now the pending ASX listing is 2c away from being another big problem.
I remain concerned despite this continued selling that management unbelievably still cannot identify who the seller is that has sold millions of shares for the last three months. There are no big buyers taking up stock which is telling and no support to take all stock at this level. I have invested for a long time and in exploration any positive assays are very quickly reflected in the stock price. That tells me the assays here are average so far despite the slant others are putting on them. I remain hopeful drilling will deliver and hold on to the hope that those who invested in the raising last year know more about the Lachlan Belt than I do and like what they saw then.
I have more shares than I am comfortable with but won't sell at these levels, for now.