I am also disgusted. Macro wise even despite copper pullback the price is substantially higher than a year ago and this is incentivising metals traders and other offtakers to panic and really try to push through a deal. This is a really good time to be trying to close a deal like ANX is, yet they decide to raise now and not earlier when the SP was higher?
There are many issues with how this has been handled that unfortunately now makes what was previously an extremely attractive investment more questionable. I won't be buying more, but I will keep holding my position as the quality of our asset and low capex in this environment should be able to get a deal closed for us.
Let's just hope management does not erode value by then. Not pleased with this late raise, if they were going to do it they should have done it closer to 6.
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Open | High | Low | Value | Volume |
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2 | 250000 | 0.018 |
8 | 561510 | 0.017 |
2 | 550000 | 0.016 |
3 | 394400 | 0.015 |
Price($) | Vol. | No. |
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