To increase SP price you need to find gold. To find gold you need to drill holes. To drill holes you need money.
Seriously if people are going to throw tantrums about cap raises, you guys are investing in the wrong sector. MGV is an explorer, they don’t produce anything. They burn cash.
Yes, Sophs will get in cheaper, that can be frustrating, but guess what, without them and that cheaper dangling carrot, raising money would take a lot longer or wouldn’t happen at all.
If you want fast gainzzzz go play with the social media crowd in whatever is the flavour of the week. I hear they have moved on from BNPL to cannabis now.
These explorer stocks will test your patience. If you are currently underwater even more so.
MGV Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held