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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (94896)	10/15/2007 10:28:35 AM
From: ogi	Respond to of 313114

I was not really commenting on the fundamentals of DNR's properties but rather the fundamentals of their management. Also, as I stated, Stan Bharti is proven capable of delivering. However, when I see a financing where the brokers are given a 50% over-allotment option with a management that loves to print paper then it is a warning that shuffling paper is more important to them than developing a company with the least possible dilution. For some background you may wish to look back at Williams Resources gone bust, more recently Beartooth Platinum a prolific share issuer, BTP 160 mil shares. Crowflight CML, 250 mil shares. Ecu one would have to regard as a success even with 250 mil shares out, then again it might have been a success with half that number issued. My only point is to be aware of the management style an invest with that in mind. Cheers, Ogi