Yep, unfortunately he does. But what's a few millions bucks? $20m raised (apparently +$10m oversubscribed from what I heard from broker) plus the $5m SPP coming, technically leaves ~$3m to satisfy the RCF package. Who's to say some options don't get exercised? Who's to say the SPP is not upgraded because the placement was so oversubscribed? If they have to raise an extra $3m - who cares? We know it/we already knew it. I generally don't go out of my way to publicise the absolute worst of the stocks I hold, and I generally try not to do it on stocks I don't own, because its just nasty. I used to do it, and I've gone pretty hard, but I prefer sleeping at night rather than trying to ruin people's lives. I'm not suggesting this is the case here, but people who post on Hot Copper and who are related to professional or insto investing or broking entities, to manipulate stock prices, do get found out. I know someone who was fined by ASIC for their Hot Copper campaign due to complaints raised. I wouldn't do it too hard.
Fair enough we should always keep pressure on management, but at some point there also needs to be some positive sentiment given what we're actually looking at here - two mines in the pipeline and $3-500m in DCF value. I have raised my issues with BAT management directly, about their capital markets engagement, and received comments back. In my experience, there's a bumpy ride growing microcaps - negative public/market sentiment is the enemy of all holders.
There's always going to be friction between bullish/bearish people. If the same people keep on posting the same negative sentiment, over and over again, like a campaign, on a stock I own and am ultimately bullish on, I'm going to ark back a bit and start to take notes.