Rocket, I agree. That's how I see it. This new placement is not to fund working capital but inflated salaries. These people can't deliver. Never have. Probably never will. They didn't even bother to inform shareholders of the negative news regarding the Binani Zinc joint venture and the Kendadih bid and the ceramic filter contracts. Wonder if they apprised their friends LJC of the same. Now they want shareholders to gift away more cheap shares through the new placement. Don't be fooled. Nothing's convinced me to change my vote against it.
IRL Price at posting:
1.2¢ Sentiment: Sell Disclosure: Held