- Some hard truths facing management now. The cats out of the bag and they will be in a desperate squabble to raise capital to keep the lights on. - can't raise funding for projects when china has scaled back until the vanadium price recovers. CM noir being able to raise equity was the red flag here. - clearly weren't focused on a spin out of assets, but now in a dilemma, how do you spin it out when you can't secure offtake for the product? Cents on the dollar, Ti is notoriously hard to process - again management not experienced in running operating mines or any operations for that matter.
warning, 100mc, cap raise imminent.
been calling this since $1.50 - hopefully you made a bundle or steered clear. More pain to come and the horizon is bleak.
NMT Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
