A $15000 SPP shows the continued mindset change of the company. They are going to raise a proper amount and get things moving instead of this water torture hand-to-mouth existence, with yearly $5000 SPP's. The quarterly was fine, they have been trying to give realistic guidelines and targets to be met. Management appears to be acting far more sensibly now than in the past. I have to admit I sold some of my shares when I heard of the SPP but only because I want to take up the offer. This is why the SP is probably under pressure today. I dont like the irrational panic that is appearing in some of the posts. The company isnt going broke, it is mining and increasing production, and is very close to being cashflow positive.
CTO Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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