29M 0.00% 36.5¢ 29metals limited

Ann: June Quarter 2023 - Quarterly Report, page-36

  1. 3,718 Posts.
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    ? say what?

    the reason we are where we are is because of CR chatter, 29M has "asked" the question, it obviously takes time - punters know its in the pipeworks and hence drive the price down (easy short - has to be raised at relative discount to give underwriters a premium)....we are in a short term bind...this is the best outcome - i for one do not one us ball$ deep in debt at the highest range of debt cycle and at the mercy of creditors - cost of equity and debt relatively on par now and until we're fully operational the debt will strangle us.

    Why let the market send us into the 60s again with uncertainty and further speculation - global slowdown wont help the underlying price of copper, lets get on with it - 20% now is a rounding error, 40-50% necessary dilution later at 50c would be tragic.

    looking fwd to max allocation mid-high 60's.

 
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