PIROA

Today, the placement is at 76c but instead of the usual fall in share price, it went up! Placement is the most disgusting instrument for raising cash in the market because it is extremely unfair. Why the practice persists, I do not know. But then I don't take the effort to complain to my MP.

But today, with a rise in PIR share price AFTER the placement, my PIROA had a nice rise, too. Soon, when I exercise the options, it will move into my top 12 stocks in my super fund.

Lots of West African gold miners do well but some do languish. But why they languish can be very different to understand. A good example is BSR... every time I top up, it goes down!