The same guys who thought they were buying a dip but the market moved against them and they wound up holding a risky asset into a severe market downturn? The same guys who sold at 50 and are now back in at 26? Ohhh those smart guys? The ones who don't carry on about turbulent water under the bridge.
I know it's open season after every junior raises but the total lack of perspective of some is embarrassing. Pull your short pants up and look at what we have and where we're headed. We needed cash and we met the market.
It's a very difficult environment to raise capital. Everything's cheap, everyone needs funding, many of them are excellent, low risk plays. We needed to meet the market, we did so and we move on, into a period where the commodity has formed a base 30% above our NPV price.
Ohhh a different broker would have got more or we could have raised without options... bla bla. Simple fact is the smart, cashed up people who got in could have said no and bought on the market at 30c. That doesn't net us the $4.5m we should be very pleased to have on board.
New and increased holders will be looking to see this to production now, like most of us. They know the numbers this will do over 13 years at $13/Lb... Watch what it does at 20/20 or 30/30... Coming soon.
TMT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
