A year ago they made a placement at 45 cents per share to accelerate drilling programs.
The SP is now 13.5 cents and the drilling program has just chewed cash.
A capital raise now would have to be around 10cents presumably to accelerate drilling programs.
Maybe August 2024 will be the next annual CR.
Only two things going for CPM are proximity to CNB and HMX and the copper price rising.
If you had taken up the 45 cents offer you would be spitting tacks.
I am disillusioned with performance and beginning to wonder whether they would be better off using the land to grow pumpkins.
Into the bottom draw and hope they prove me wrong.
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