MAT 0.00% 4.0¢ matsa resources limited

Ann: Trading Halt , page-32

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  1. 11,518 Posts.
    lightbulb Created with Sketch. 1157
    Well we can all postulate and guess as much as we like but we'll all need to reserve judgement on whether the CR was astute and whatever else until next week.One thing is for sure it's going to increase liquidity and those who take part will either want to see MAT's SP much higher to pick up an earn or will hold some or all of their position longer term,perhaps even be inclined to buy on market after the raising....and Matsa is going to have a bundle of more cash to advance their exploration.All positives in my book.
    None of us have the wisdom of Solomon to know what's around the corner.If Matsa manage to raise around $3M-$4M with minimal dilution in the current market environment it will IMHO be a vote of confidence by the market in the future potential for Matsa.
    For those who wish to espouse their criticisms of the CR that's their right on a public forum but I wonder how many of them have or would want to "walk a mile in their(management of a junior explorer) shoes" in the current market where survival of any company is not guaranteed.
 
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