29M 1.25% 39.5¢ 29metals limited

Ann: Offtake Finance and Insurance Claim Update, page-16

  1. 5,064 Posts.
    lightbulb Created with Sketch. 5105
    I would gladly boast of being short 29M, because that would have been a great trade since I first posted a critique on here in June 2023 at 70.5c. Alas it would be a lie.

    What I am, is able to read a balance sheet. 29M’s is a dumpster fire, which tells me where this is eventually going to end up, especially given the unfortunate circumstances they find themselves in (cleaning up a flooded and now suspended mine whilst bearing an ever-growing debt burden).

    You carry on ramping it and pretending every contrary opinion must be a shorter, but I sense you are likely going to be taught a nasty lesson here. Good luck.
 
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