29M 0.00% 36.5¢ 29metals limited

Capital Raising Required Shorters Ruthless, page-11

  1. 10,798 Posts.
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    problem with 29M has been they can't/haven't been able to get their costs under $4/lb and the copper price has been slightly above and mostly under that for the last year or 2. The rain event was a major blow that compounded that problem imo. Once the yanks stop grand standing over this stupid debt ceiling BS I am hoping for a rebound but management here needs to sharpen their pencil and get moving! Meanwhile shorters have had a field day with around 5% shorted a few days ago and most likely a lot more now.
    gla
    T
 
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