Club Mulgoa

Saturday, September 03, 2011

OLE

From olive grooves to West African gold exploration. Hence a management change soon and a name change to reflect its transition. In the midst of a collapsing stock market atmosphere, this one is offering its shareholders new shares issue.

This is not the only stock wanting new capital to be injected into the company. Recently, I ignored the BSR rights at 5.5c with options. I topped up even more shares than my rights at 5.1c but now it is worth over 7.3c. I have no crystal ball and no desire to possess one. The brain is usually more accurate.

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