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11:55
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Originally posted by Cashmeoutside
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I think JID’s description of the market as very “risk off” was bang on. There’s a few market jitters and concerns on global growth and there’s not much appeal in either explorers or developers with no cash generating asset - so these are getting smashed the most, MOD even more so. If there is a market slowdown or tightening of credit these will turn into “zombie” companies waiting out for the market to turn and just do enough to turn the cogs without burning excess cash.
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Yes economics macros suck and so does the share price. All the more reason to delay a capital raise and focus on building up reserves. No point diluting the register at the nadir of the commodity cycle.
