RE:RE:RE:RE:Sunset???I am well aware of the reasoning for PP by exploration companies listed on the Wild Wild West Exchange (aka the Venture) where no real rules exist. Are you saying there will not be a PP in a week or two at a price lower that current? That would imply they have money in the bank to easiler fund the next drilling campaign. Also, if they have cash in the bank it would also imply the company has ethics (which i doubt). There is no way they see a stock pop like this and not take advantage of it. WHY?? because what if the next set of drill results miss the target - down she goes never to get funding again. They WILL strike while the iron (sorry 0.13% Ni) is hot. So this funding will dilute shareholds by a very large percentage due to the CURRENT low float.
If it every becomes a mine (which it wont) by the time production begins there could wellbe 500,000,000 to 1 billion shares (if no consolidation occurs). Good luck with that - Not me.
Goldy63 wrote: Sunset. All companies do PP,S to gain funds to drill more holes. That's normal and par for the course. Now V.MINE has a beauty tight float so dilution is not an issue . Down the road maybe but hitting more big holes will have next PP at a much higher SP so much less dilution . So all good flip away and hey profits are profits yup. As for not holding overnight your money your call . Lets hope we get a halt and a big name of a JV big fish. Then your strategy goes right out the window as your stuck on the bid while the pre day bids and asks surge on huge news. So yup my money , my call but I prefer to have skin in the game . To each his own trading style. Gl with your investments . Cheers. Long V.MINE