Well I don’t understand why they didn’t just do this raise a few months ago for $50M instead of $30M. It would have avoided the SOL facility which quite frankly was absolute extortion, even in the current environment with borrowing challenges. Everything Andre touches turns to ‘copper’! It certainly isn’t gold.
What a disaster this has been since the round oak purchase, capital raise and consolidation.. I need 90c to break even. The only way I will recover anything is if copper prices finally do something positive or if Andre gets the boot and confidence in management returns. It’s a shame because if they bought a bargain gold asset or company a couple of years ago instead of copper during a recession then I would be rolling in profits right now.
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