Bunn or 'CR Canary', our self-appointed oracle of capital raises, tirelessly churning out the same tune every fifth post! While your crystal ball seems fixated on dilution doom, let’s balance the narrative, shall we?
First, your argument skips over the strategic purpose of funding rounds. These aren’t just about cash grabs, although arguably bad timed of late—they’re the fuel driving AW1’s resource expansion, MRE advancements, and long-term project value creation. Without these, those high-grade discoveries wouldn’t even be on your radar.
Second, it’s curious how you conveniently ignore AW1’s achievements: record 22,000 metres drilling season, impressive high-grade results, new prospects discovered and a clear focus on DSO development. All solid wins that the market isn’t mesmerized by but informed about.
Third, claiming shareholders will be diluted '80%+' is a classic case of ignoring market realities in junior mining. AW1 has options like offtake agreements (yet to be explored), strategic partnerships, and alternative financing that savvy management teams use to balance growth and shareholder value.
Finally, the 'filthy game' allegation—a bold claim without a shred of evidence. AW1’s transparent reporting, consistent updates, and concrete progress paint a picture of integrity, not manipulation.
So, while you’re busy painting AW1’s journey with your broad brush of negativity, perhaps consider a touch of nuance. The copper deficit isn’t a hypothetical negative; it’s a very real commercial opportunity.
DYOR, Bunn—because a one-track narrative doesn’t make you the voice of reason, just the echo of doubt."
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