Monty have held 2 thirds of my original holding and added 60k shares (as posted) last week. I never expected the board to offer shares to P.Is. Emerald just did the same a month ago at a £1.58 placing. The shorters and doomsters were saying the same there on the EEN thread as they are here now. EEN is now at a 38% premium to that placing a month ago. Daily trading movements arew irrelevant. No one, but no one will pay the very bottom possible price for any stock. I buy in a range i am comfortable with. My next target is £2.50. The company will shortly be transformed solely from an explorer to a producer.