We can agree to disagree on this one. I personally expected cr price below 5c. And i didn't expect it to be fully underwritten which secures their future for 12months. Look at PNO who have similar track record. They only got partially underwritten and it is out of the directors pocket.
I agree Pattos aint good genereally. But if cash backing is ~4c then even they cant distroy the sp beyond that.
Market had concerns the money wasn't out there. This announcement shows it is/was. That's why it's a strong start to sp.
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