STM 12.5% 0.9¢ sunstone metals ltd

Ann: El Palmar 2nd hole confirms T3 strongly mineralised porphyry, page-51

  1. 4,794 Posts.
    lightbulb Created with Sketch. 1083
    Manu - you are missing the point.
    MN has raised a bunch of money $30-40m??? and they may have identified two potentially significant projects.
    The market is saying that you spent $40m and that’s basically all you got.
    Exploration is about spending $10 to find $50-100 worth of metal.
    Thus far it’s a giant fail - the market has spoken.
    Raising every more capital to pay MN $500k a year is a bad deal based on the last three years results.
    How much more do shareholders have get diluted and how much longer before we see a return that reflects the risks we have taken in backing this team?
    Past performance is not a reliable guide to future performance.
    We need a new Chairman, a new independent director, reduced wages and handouts or ones that are fair dinkum - not the free kicks the team have been given.
    We need to float off El Palmar or sell Bramaderos.
    We don’t have fund to chase both.
    wWe need someone with real connection y try o get a deal done in the next six months.
    Doing another cap raise at 1.5c would represent a complete failure.
    DDD
 
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