Seasoned investment managers managing $bns have tantrums about raisings too, some very publicly over the years including publishing letters they have sent boards and management. Sometimes they get journalists involved as added pressure. Huge tanties! It all depends on what they intend to do with the dollars and their spending track record. Time will tell! Sometimes explorers have the best geo smarts but capital management is below par. Both are highly critical right? I recall a number of years ago around the time of the infamous Pilbara watermelon nugget saga, North America investors on their chat forums could not get their head around the amount of raising and dilution on the ASX. Definitely a necessary evil but unfortunately too many exploration companies don’t practice frugal financial management. Now that is a trap for novices! Anyone seen that series of pictures on X doing the rounds recently about the various mental stages of a small cap resource investor. Lots of hazards to navigate! Good luck!
MAG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
