They couldn't wait to see what happened to PMI, they would have lost the Tajak project, it was too competitive, hence the fast, low priced, sale. Their problem seems to be that they do not recognize the negative implication of increasing the stock float. That news alone dropped the stock in half as investors hedged their bets to an expected dilution despite the managements claims that they won't dilute. I said to them on the call that they are very innovative geologically hence Santos and Shell but naive on the investment and financial side because of the request to increase the float. It shows in the price unfortunately.
Hopefully the Geology will overcome these problems.Fimgers crossed.