It's not All Doom and Gloom — Some of You Might Be Missing the Bigger Picture
You lot are a great sound board — plenty of chat on here, but funny how no one asked a single question at the AGM. At least
@ASXMGU showed up and asked a real question. Oh, and if you were listening, he mentioned that buying mines is the way forward... well, guess what? Looks like we bought more.
Now onto this “can’t raise money” narrative — really? So you're taking the bet that the company won’t fill the entitlement offer? You do realise the shortfall offer can be open to third parties, right?
Are you really willing to take the bet that they don’t have any interested entities lined up — especially after the AGM confirmed multi-national interest in Buena Vista?
The company has fulfilling its ASX obligations in extending the offer — allowing time to disseminate material updates (like the US copper-gold acquisitions and project realignments) before opening the shortfall to third parties. That’s transparency, not failure.
Because if you're wrong, those same entities might happily scoop up shares that current holders passed on — and you're left watching from the sidelines, diluted and frustrated.
And for those yelling “dilution!” — you’re only getting diluted if you’re not participating. That’s your choice. Only non-believers miss out.
All I’m seeing here lately is impatient people describing red candles like they’re doing technical witchcraft. That’s not insight — it’s emotion.
So ask yourself: Do you believe in the company’s direction, or are you just here to vent? No crying at the casino!
Cheers,
- F
