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20:49
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Originally posted by coto:
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I have the same view, and it appears the market does too. A totally different outcome today compared to AWJ and MM8 who had massive green days when their capital raise trading halts were lifted. We ended slightly red, instead of 10% + up. Plus, we have a higher gold price than those 2 had when their CR news broke. The only positive is the massive uplift in volume today compared to recent weeks. It looks like a lot of fed up and stale holders definitely took the opportunity to bail today, so hopefully there is less resistance from here.
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I have to agree Coto, my last correspondence with the company had me reassured a capital raise would not be required. The reason cited was the earnings from gold production would be flowing in. But in the extreme shares the company owned would be sold to prevent another cap raise. This is not even close to what has transpired.
