Bottle sad as it is to say but this is almost normal for the...

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Nijiman

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11/12/19

08:20

Post #: 41902812
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Originally posted by bottle2: ↑

A cash problem (or a perception of a cat problem) has a number of issues -

1. Not enough money (obviously).
2. The market anticipates a cash raise - which increases sellers and decreases buyers, leading to decreasing SP.
3. Leaves the company vulnerable to a market black swan event which may make it difficult to raise any money for a long period of time.
4. Uncertainty. A product of all of the above. Nothing kills a SP more than uncertainty. Uncertainty is death.

Rip the bandaid off and get a cash raise done quickly.

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Bottle sad as it is to say but this is almost normal for the Peel share price. It really doesn't seem to matter all that much about how much cash they are carrying at any given time. The price goes down anyway. The last cap raising was on June 06 this year @ $0.31. Since then the price has only been at that level or a $0.01 higher for a handful of days. For over 6 months those who participated in that raising have been underwater on their investment.

This is what some of us are seeing as an almost systemic issue with the way things are being run. The market does not continually mark down a stock unless it sees some kind if issue. This is not just a base metal price related issue. It was happening when metal prices were much higher than now.

PEX Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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