Or else there would be no buyers for this stock right now.
That money is a guarantee for Management's salary.
It will cover for at least 2-3 years.
I know the company since 2013....and I have seen everything they have done so far......which is basically nothing......all this time management's have drawn handsome salary.
Yes, they have grown the outstanding shares from 500 million to 2645 million. That is an outstanding 5 fold increase. Great.
The company trades and exist on HOPIUM
Kyrgyz Republic project, Tanzania Project and now Côte d’Ivoir project and so on and on until there is no money left.
I was a holder from 2013 to 2017 and have learned my lessons.
These kind of companies should be banned from ASX, so people don't get fooled and lose their hard earned money.
MSR Price at posting:
0.5¢ Sentiment: None Disclosure: Held