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mcfj

1,311 Posts.

399

15/12/17

12:30

Post #: 29657432
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Originally posted by Io ↑

RM has been a whizz at raising money until the last round. You go to Magna when you can not get money from a normal capital raise via placement or rights issue. When you do a deal with Magna the share price will only go in one direction and that is down. Magna still make money out of it because their debt get converted into shares at a big discount, so Magna always make money. Given that RM has been so good at raising money, the fact he had to go to Magna tells us something fundamental. All the usual sources of capital have dried up. Plus most of the Magna funding just goes to paying RM's ridiculous salary and overheads. No project work is being done as is evidenced by not releasing the Mineral Resource for San Jorge.

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Well Done @LO ..seems your doom and gloom is persistent. Not sure I am convinced that you are completely honest.

Great to see the Jeer squad and broken record back. Good to know you are looking after Mum & Dad investors!

When did the SH's reject the last CR? Would like a link.

AVQ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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