29M 5.10% 51.5¢ 29metals limited

Ann: Change in substantial holding, page-6

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  1. 3,779 Posts.
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    who cares?? - check out their history with SYR.....theyve taken a huge hit there....its never cut a profit and they are the largest supporter by far, not just with equity, but hybrid instrument $$$ support keeping that entity on life support (USD ~$380m cumulative losses to date). Aussuper has lost a shite tonne and their avg there is massive....!

    ask yourself, can u sit as long as they can? its ausSUPER after all, they never have to crystalise lo$$es...

    due to the need for super funds to "save the world" and be all tree hugging ESG friendly, theyre pouring $$$$$ into perception of going green. this is simply another headline grabbing, we support copper which will decarbonise the world statement....

    at least 1 year of massive pain here. that includes excessive dilution (esp at 24c!!), debt restructuring and major operational pain....theyll probably provide convertible debt support just like at SYR, but will dilute you holders to.....well...lets see....

    gltah
 
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Last
51.5¢
Change
0.025(5.10%)
Mkt cap ! $361.5M
Open High Low Value Volume
51.0¢ 53.0¢ 50.0¢ $686.1K 1.331M

Buyers (Bids)

No. Vol. Price($)
3 15107 51.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.5¢ 24490 2
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Last trade - 16.10pm 07/10/2024 (20 minute delay) ?
29M (ASX) Chart
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