"Fully cashed up", "hedged against any potential events", these are the same BS excuses from the oversubscribed SPP and the previous raise.
We spent <$30 million acquiring Morilla. No where on any presentation I've seen/read has it stated that we'll need an addition $200 MILLION dollars more to, "ramp up" production. Where exactly is this money being spent? We didn't hit our target ounces last quarter!
We were sold in the last 12 months that tailings and satellites would provide the bridge to see to the dewatering and re-mining of Morilla. Not everything happens as planned, I get that and completely understand the first CR. Looking after the retail sector in a SPP, fully support it. Lie to my face and allow the insto doing the raise to take a short position while us suckers buy in on your promise, then we have a problem and we're going to have words.
All IMO, DYOR
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