This is no longer a micro cap explorer who had some okay drill results on a new patch of ground but now coming back to the market cap in hand for some more money to keep drilling.. No, they have a world class vanadium deposit that has ticked most boxes so far, have managed it great and successfully drilled out a big resource, 6 Months from DFS,,, and unfortunately over the past few Months have been smashed by macro economic world stuff, and the obvious lul in price coming off a high and the 'unexciting' work of grinding out a DFS behind the scenes.
30 cents is cheap in the first place for what they have and where they are at, and honestly I do not believe they needed to hand out cheapies to get full subscription. It just screws over retail investors and it is as simple as that. The project can sell itself to larger investors and it is a gift for it to even be in the 30's in the first place given real world value even just a few Months back. It is a dissapointingnway to criple the share price just to take on some new investors who may honestly care more about the bargain price of the placement and options than they do about the project... As will be evident now with an abundance of supply anywhere above 26 cents.
TMT Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held