Management buying up at the lows is a great idea! Management have a duty to get this share price back up after their stupid decision to raise at the wrong moment. Especially while we were rolling along nicely with happy, confident shareholders seeing sensible financial management in the form of divestments and toll milling.
The moment they raised at the prime tax sell time and at the last market low scared a lot of loyal holders off and we saw many leave what they thought was a tightly run ship. They didn’t even raise a substantial amount either, if you are going to take the risk to raise at least make it a 10-12 mil raise to ride out any future market pain. Which looks set to continue for the next 6 months at least. Until the USD crashes or inflation settled and interest rate rises come to a halt. I can’t see the latter taking place anytime soon with the Ukraine conflict stepping up a gear. The last thing we want is another raise in 6 months time potentially around 6c and drive our dilution further... words can’t describe how stupid the raise decision was on all counts...
So imo we pin our hopes on the USD crashing back to earth in order to get this precious metals boom happening and interest back in our sector...This goes for all minerals as well, since the USD strength has hit most industrial metals hard and scared many investors away for the time being. The waiting game continues...
