it could probably always be worse. imagine our deposit would be covered by snow and ice for half of the year, we would have one of the worst deals in history in which we would have to sell 50% of our t/pa at a fraction of the production cost and would have an soi of several billion.
we will get through this time too. would i have been happier if they hadn't used atm? yes probably. mgmt certainly did a lot wrong when it came to funding stage one capex. however, we cannot judge this. we were not present at negotiations with glencore. we were still part of negotiations with other parties. maybe some people should think about what enables them to judge other people. i can understand the frustration. maybe look for the error within yourself, as this is a highly speculative investment. if you can't stand the pressure, find a suitable etf and be happy.
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