Some of this type of chatter seems to suggest that these guys would (or should) be overly concerned about the short-term fluctuations in the share price, rather than the longer-term outlook for the business, and what this capital enables.
Do you think Toyota Tsusho were crying into their cornflakes after the placement in ORE for 37.5M shares at $7.50 each…?
How much were they “in the red” a couple of years later, in 2020..? How much are they still “in the red” today, 6 years later…?
Imo they are (all) just illustrating their confidence in the longer-term success and growth of the business - by providing capital as required - sh!tstorms and hiccups and sp waves along the way are just a part of the journey.
Imo the game is far from over, and “the market” is not “always right” as many like to parrot!
Risk vs reward DYOR
Junior mining coys not for the faint hearted!
GLA
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9 | 2021996 | 0.110 |
23 | 632483 | 0.105 |
53 | 3605319 | 0.100 |
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Price($) | Vol. | No. |
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0.125 | 481166 | 10 |
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