HOR 10.0% 0.9¢ horseshoe metals limited

Ann: Annual Report, page-15

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  1. 49 Posts.
    MoreBB-

    It has been obvious that the money is running low here and i don't think anything substantial has been leaked or the volume being dumped would have been higher.

    I think it's a simple case of Capital raising inevitable so selling down just means a cheaper offer price and if the market sees a capital raising is needed soon then buyers will be waiting on the sidelines, i want back in but not until there is more cash in the kitty and i'd say there is a few more like me out there too.

    IMO if they'd raised the cash a week or two ago when the price was at 3 cents there would have been less SP damage that what has happened so far. The big problem now is if they raise at current levels to get a decent amount of cash after costs we will see a a fair dilution so it will be interesting to see how it all plays out.
 
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