No concern here about the quality of the project but dilution is the biggest killer of shareholder returns and they have to raise money to keep the project moving forward. unfortunately the share price is driven more by sentiment then fundamentals and at the moment the share price is saying sentiment stinks
Would love to see a strategic come in now but my gut says it’s still a while off yet. Hopefully they can raise another $5m in the 30s that will see them until that point where a strategic can invest some decent money at a decent price
TMT Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
