A sad, sad day mate.
We all know the risks, but it does not make it any easier. Current $7 Mill MC is a fair slap in the face.
Good news is a doubt it can go much lower apart from a 14c CR in a week or 2 to pay for drilling. Which reflects poor management.
Company has ample time to raise 40c+ ... Probably should have locked in $3 mill at a half decent rate and attempted to create a floor.
C1X management have not really impressed thus far and todays circus does little to dispel that opinion.
Ann: Highly Fractionated Pegmatites Confirm Drill Target, page-125
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