Giving brokers cheap shares is par for the course in micro cap mining stocks. I have a couple other stocks that are doing it right now and I havnt really batted an eye lid.
What is concerning is that Chalice has been highlighting in every corporate presso up until the one released on the 5th of May that they have not needed to go to those 'parasite' brokers.
I am in corporate finance and last 10 years have worked on reporting to ASX/PE owners. You dont highlight that you are really good at not doing something (raising capital) continuously then abrupty do that thing a couple weeks later unless something material has changed internally...
I am more than happy to be proven wrong
Giving brokers cheap shares is par for the course in micro cap...
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