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clock Created with Sketch. 02/05/25
10:26
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Originally posted by coto:
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This is so sad, I just want to cry in disbelief. This is the worst investment I have ever made in my life. A company can just repeat the same mistakes over and over again and they keep the same clowns in control. At around 90c equivalent (prior to the last CR for Round Oak and consolidation) we were sitting pretty, Cracow and the existing Cu mines looked good, we raised a substantial amount (approx. $167M) and most people were expecting this to go towards gold mines, with gold looking great, in the middle of a pandemic with obvious economic issues down the line as the economic flow on effects and uncertainty played out. Instead, they bought Cu assets at the market peak, paid way over for it! Round Oak Minerals must be laughing every day that they managed to find a buyer at such a premium! Then the Cu price tanked and the company went into serious trouble on the verge of administration. Adding to all these catastrophic mistakes, the biggest one of all - accepting an extortion type loan at interest rates way above the market average (clearly, they did not shop around), instead of doing exactly what they are doing now to raise on market at a discount (at a higher SP at the time). Now they are doing what they should have done at the time, only this time even worse dilution to run us further into the ground. Anyone who still supports these muppets in control of this company needs to get their head checked! Seriously, what a disaster. Time for a massive clean out at the top!!!!!
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Complete and utter contempt for shareholders.
(20min delay)