Sorry folks - 2 back to back TH until Monday next week is not a good sign. Raising capital in the current environment is going to be ugly.
I was honestly surprised that they did not raise capital earlier in the year (Jan) given the way things were developing COVID wise/Zinc market given the need to have a buffer.
I thought they probably had a spectacular quarter exceeding expectations however if there is a large discount more questions should be asked of mgmt as to why they did not raise earlier.
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