Actually, from a long term holder he raises very valid points. My holding is down almost 80% in that time. I do believe in the economics of the project, but let's face facts. They can't get anybody outside of diehard holders to actually stay with the company. Every time they need money, they have no choice but to do a very small raising followed by a SPP.
Fact, they lost access to easy money from Chia. Opinion, I believe they didn't build enough connections to money because they pretty much had a guaranteed investor on speed dial.
My biggest concern is, if they're struggling to get a million here and there, how are they going to fund the plant?
I'm hoping that their gold play comes through for them, to get the price out of the mud, because I don't see anything else picking this up.
I'm holding regardless, because at the end of the day, they have a very high-value resource that could be sold if it came down to that.
ASN Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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