I had to get out on that announcement for a small loss. Not so worried about the raise, but the lack of communication.
Amazes me that they cant give an update on the progress of their financing discussions when the Paydirt article mentions at least a quote from the MD. They cannot keep using the Corona virus as an excuse. If someone wants it bad enough they will come to the party. Phones, Skype, Zoom & Microsoft teams all exist so face to face is less of a hindrance.
Not saying this is a lost cause. Would certainly bounce if they can get a financing deal across the line.
Just feel like this announcement was a bit insulting to share holders. May come back in if a genuine update is given by management.
Good luck to holders.
Peekay
LCK Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
