Well I guess the old burnt holders, (mostly day traders) were always going to come out in force (again) on this one when the next raise arrived.
In the end, they bought high and sold low, and remain very bitter about it. They need someone to blame other than themselves...
As I have stated many time before, it is a
VERY different picture buying sub 1c with the assets this company holds as apposed to buying at triple / quadruple / or more! the current share price.
New investors should be wary about who they are taking advice from. Especially those with a poor track record.
DYOR. Most of these posters are clearly not following very closely. Have a look at the Redmoor asset in particular and see what the extra funding will allow us to move forward on. Funding is all that this one has been waiting for imo, as we have discussed here at length, its all about how much of Redmoor we can still be holding onto when it reaches production. Tin demand is strong, supply is low, reserves are lower. This looks set to continue into the future with Tin's role in new Technology and Electric Vehicle manufacturing.
By funding this current drilling and confirming Redmoor as a viable mining operation we should see some positive share price movement, and although further works down the track may require some dilution of our Redmoor 50% JV, each milestone that is reached means our 50% becomes worth more and more anyway! In fact at this stage it already takes care of our market cap all on its own, without Lochinvar being factored in.
And again, for the record, the last CR to Soph investors was completely sold out (oversubscribed) but was limited due to our yearly cap for raising funds. This is NEVER brought up by these posters, nor is anything else positive, yet there is plenty here to be positive about. The raise to Retail was quickly quashed by a share price push down that people here can make their own interpretations of.
At this price, it's as cheap as chips, no matter what the negative brigade peddles. Remember, they hang around because it remains on their watchlist. It remains on their watchlist because the opportunity here is obvious, even to them.
